Mews Market Reflections: Quiet Optimism Returns to Prime London

A look at the trends shaping prime London property this month.

Our Sales team has shared some key updates from the past month, and they show that prime London property market continues to grow and adapt. Viewings are up an impressive 40% year-on-year, and total transaction numbers have held steady, even as buyers remain thoughtful and price-conscious. Market appraisals and stock levels have also risen, partly as more landlords shift from renting to selling, giving buyers greater choice and access to more data – such as price-per-square-foot comparisons – to inform their decisions with confidence.

Sensible pricing remains the key to success in this competitive landscape, and the results speak for themselves. Lurot Brand continues to see competitive bidding, with well-priced and turnkey properties performing exceptionally well. We have achieved over 92% of asking price on average this year and has set new price records in both Belgravia and St John’s Wood. Freehold mews houses remain especially sought after as they are prized not only for their unique charm, but as stable investments compared to leasehold flats with rising service charges.

On the policy front, the new annual tax surcharge on properties over £2m was introduced at a lower level than many had feared, but its delayed implementation until 2028 has given owners welcome breathing room. So far, it has had little bearing on buyer decisions, and the broader response has been encouragingly calm.

More widely, buyers and sellers are approaching political change with growing perspective and confidence. Rather than reacting to headlines, purchasers are focused on the practicalities that matter most: family, education, career and lifestyle. This measured, long-term mindset is helping the market stay active and resilient, even amid a shifting political backdrop.

Around 80% of buyers remain UK-based, with growing interest from the US and consistent demand from across Europe. International buyers continue to be drawn to London’s world-class education, culture, legal system, business environment and exceptional quality of life.

The overriding sentiment across the prime London market is one of quiet optimism: life goes on, opportunities remain strong, and London’s enduring global appeal continues to attract buyers investing with the future in mind. 

Thinking of selling a mews property? Contact us for a free market appraisal on 020 7590 9955 or send an email to our Sales team.