London’s most expensive homes are having a tough time selling, with both demand and deals down. According to a new report from real estate company Knight Frank, there were 22 per cent fewer sales above £10 million ($19.5 million) in the 12 months to July, compared with the same period from 2022-23.

The picture is gloomier for the priciest properties: there were just 10 sales above £30 million, compared with 38 in the previous period. In total, super prime sales volume in London came in at £2.77 billion in the 12 months through July, down from £4.3 billion in the period ending in July 2023.

Bloomberg