London Prices Fall to a Two-Year Low — What the FT Data Really Means for the Market

London's housing market is experiencing its sharpest decline in nearly two years, with prices dropping 1.8% annually as of September, reaching their lowest since December 2023. This downturn is driven by affordability challenges, rising mortgage rates, and looming tax hikes in the upcoming Budget. Notably, prime areas like the City of London and Kensington & Chelsea have seen double-digit declines, signaling a significant shift in the capital's real estate landscape. As London diverges from the rest of the UK, where house prices continue to rise, we explore the factors behind this trend and its implications for buyers, sellers, and the broader property market.

What is London Property Digest, by Longrad?

Welcome to London Property Digest, your essential 10-minute audio recap for staying informed on London's property market. Whether you're an estate agent, an investor, or just curious about real estate, our bite-sized episodes deliver the latest news, trends, and insights in a quick and easy format.

What to Expect:

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  Weekly News Roundup: A swift summary of the top property stories from the past week.


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  Spotlight on Developments: An expert examination of noteworthy developments that deserve your attention.

Originally created to keep our team at Longrad sharp, we’re now sharing it with the wider community — offering you a fast, comprehensive London property update on the go.