Prime London sales run 2% above the five-year average as central London prices fall 3.3% in the year to August

Knight Frank data published on 9 September shows transactions across prime central and prime outer London in the three months to August ran 2% above the five-year average, with prime central sales 6% higher than 2025. The agency puts it down to buyers using pre-Budget speculation and bond market jitters to negotiate the price down rather than walk away. For sellers in prime London, deals are achievable but only at a discount. Prime central values still fell 3.3% over the year, and 23% across eleven years.