Luxury property sales plummet in London

Sales in London's luxury property market have significantly declined, with 314 transactions above £5m recorded in 2024, representing a 23% drop compared to the previous year. However, this figure is still over 50% higher than in 2019, according to analysis by Savills. Notably, nearly 100 properties sold for £10m or more, maintaining last year's levels. The total value of properties sold for over £5m reached £3.28bn, down from £4.41bn in 2023. 

London Evening Standard