Why is London’s property market slumping?

A higher proportion of homes in London were sold at a loss last year than in any other region in England and Wales as the capital’s property market continues to slump.

Owners of flats have reported losses of up to 34%, with hundreds of thousands of pounds “wiped from the value” of their properties, said This Is Money.

What did the commentators say?

The problems include “affordability pressures from higher house prices, greater supply, higher stamp duty costs since April 2025” and “speculation about the autumn Budget”...