London luxury property market extends slump as Iran war knocks confidence

London’s House Price Slump to Bottom Out, RICS Survey Says

The Royal Institution of Chartered Surveyors reports that property agents expect London house prices to rise for the first time in over a year, indicating a potential stabilization in the market.

Prime London property values fall 25% amid economic uncertainty

Property values in prime central London have declined by 20% to 25%, with transaction volumes thinning considerably due to economic uncertainty and higher interest rates.

London luxury property market shows 'renewed confidence' after years of slowdown

After a period of decline, London's luxury property market is experiencing renewed confidence, with buyer sentiment improving and international buyers showing increased interest.

London luxury property market extends slump as Iran war knocks confidence

The ongoing conflict in Iran has further dampened confidence in London's luxury property market, leading to a 31% decrease in prime property sales compared to the previous year.

UK housing market holds steady in March despite Iran war uncertainty, Rightmove says

Rightmove reports that UK housing prices remained stable in March 2026, with a 0.8% monthly increase, despite geopolitical tensions. This stability suggests resilience in the London property market amid global uncertainties.