LonRes October 2026: prime London prices fall 6.6% as rents rise 5%

Created Nov 12, 2026 • AI-generated summary

LonRes analysis of the prime London market for October 2026 (published 12 November 2026): prime London property prices fell 6.6% year-on-year, while prime London rental values rose 5% annually, the strongest rental growth since February 2025. Sales transactions fell 17.5% year-on-year, the lowest October level since 2018, with new instructions down 7.2% and under-offers down 21.3%, amid caution ahead of the Autumn Budget. Average achieved sale prices were 11.9% below their 2021–22 peak (9.4% below pre-pandemic average), average discount from asking price reached 10.3%, and price reductions rose 8.5%. £5m+ transactions rose 13.6% in October. Lettings: agreed lettings +3.5%, new rental instructions -14.9%, stock to rent -2%. Comment from Nick Gregori, LonRes Head of Research. Membership limited to coverage of this specific LonRes October 2026 prime London data release.