High-end homes in central London are seeing significant price declines, according to reporting that focuses on the City of Westminster. Figures cited show prices in the Westminster area, including neighbourhoods such as Mayfair, Belgravia and Marylebone, fall by up to 25% in the year to June. The coverage says the average price in the area is about £854,198 over the same period.
The articles contrast this with conditions elsewhere in the UK. While the London decline is highlighted as part of a broader cooling in premium segments, the reporting also frames the situation as a more favourable market outside the capital, describing “boom time in the North.” Other outlets’ framing, however, is not included here, so the balance of evidence rests on the presented London versus North comparison.
Taken together, the sources agree on the direction of change for Westminster’s high-end market and the broad comparison with northern performance, but they do not provide detailed causes, methodology, or figures for other regions beyond the overall “boom” characterisation.
