Prime Central London Down 25% Since 2014 Belgravia & Knightsbridge Off 30%: Is the Bottom Near?
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Farnaz Fazaipour is joined by Kris Ericsson, prime central London specialist, for one of the most data-rich market assessments of 2026.
Kris shares the numbers few people in the market will say on record: prime central London is now 20–25% below 2014 peak levels. Belgravia and Knightsbridge are down 30%. The correction has been running for 12 years driven by interest rates, Brexit, SDLT, and a dramatic shift in the buyer pool. 68% of prime central London sales last year came from non-domestic buyers relocating away from London, mostly to the Middle East.
They also cover: the incoming mansion tax in 2028 and its impact on liquidity; why East London is absorbing younger domestic demand; the London vs Dubai debate among HNWI clients; and where Kris sees genuine opportunity in the current market including pied-à-terre and Battersea Power Station.
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Guest: Kris Ericsson, prime central London specialist
Host: Farnaz Fazaipour, London Property (londonproperty.co.uk)
The London Property Podcast Hosted by Farnaz Fazaipour, londonproperty.co.uk
Independent intelligence for serious London property owners and investors.
Every episode cuts through the noise with 30 years of prime London market experience no estate agent spin, no vested interests. Just practical insight on where the market is moving, what the legislation means for your wealth, and where the real opportunities are.
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Topics include prime and super-prime London, leasehold reform, IHT planning, rental market shifts, regeneration areas, and the tax and legal changes every serious owner needs to understand.
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