Savills: prime property values fall 1.7% in Q2, prime central London now 26.3% below 2014 peak

Savills' Q2 survey shows prime property values fell 1.7% over the past three months, leaving prime central London 26.3% below its 2014 peak. Political and tax uncertainty is weighing on discretionary buyers, while sellers trim price expectations to keep deals moving. For sellers in prime markets, realistic pricing is doing the heavy lifting; for buyers, negotiating power has strengthened. This is a top-end story — mainstream regional markets are holding up far better.