Multiple reports describe a weakening London flats market, with some small flats being sold for less than their purchase price. The coverage argues that losses are not limited to recently bought properties. Instead, it says even flats purchased years earlier are sometimes trading below what owners paid, indicating broader pressure across parts of the market rather than isolated “bad timing.” The articles frame the change as part of a broader downturn that is spreading through transactions, affecting sellers’ outcomes and pricing expectations for smaller units. They do not cite specific causes in the provided excerpts, but the overall theme is that market conditions are deteriorating and are beginning to show up in sale prices. The reports therefore focus on the pattern of downward price pressure, describing the extent of loss-making sales—reported as around half—among London’s smaller flats. Overall, the information presented centers on selling outcomes and the extent to which previous purchase values are not being sustained in current transactions.