Even London's ever-optimistic brokers see gloom for luxury homes
London Property Digest, by Longrad
February 3, 20264m 46s
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Show Notes
Picture this: London's glittering luxury pads are taking a real beating, with prices down 4.8% last year and brokers like Savills forecasting more declines amid tax hikes and a shrinking pool of wealthy buyers post-non-dom rules. Vendors are slashing prices by up to 50%, and sales of £5m+ homes are plummeting—yet a glimmer of hope as some activity picks up post-budget. For high-rollers, this spells tough times, but could it mean deals for the ultra-rich rethinking their portfolios?