New research has revealed the London areas with the biggest discounts in 2025 (Picture: Getty Images)
It’s no secret that London’s property market is struggling right now.
Around the corner from Hampstead Heath,countless houses on the Bishops Avenue sit empty. They’re up for sale,but they’re not shifting.
An eight-bedroom detached home went up for sale,to the tune of £20 million,in July 2024,but there haven’t been any takers. A five-bedroom penthouse on the same road was listed in September 2024,but almost a year and a half later,the £19,950,000 property is still available.
Earlier this month,research from Savills indicated that London’s most expensive properties – called ‘prime’ for being priced over £1 million – have lost a quarter of their value since 2014,largely owing to changes in the way that high-value homes are taxed. Time for the tiny violin,we know.
But against the backdrop of this struggling luxury market,there are plenty of discounts to be found.
Now,we’re not suggesting that the average Joe could afford to simply rock up and put down a deposit in Kensington.
Do you have a story to share?
United News - unews.co.za