London £5m-plus market on hold as Budget approaches

London Property Digest, by Longrad

Big deals in prime central London are taking a pause as buyers play wait-and-see with the Budget on the horizon. While the classic luxury areas like Kensington and Belgravia are seeing fewer high-ticket sales, domestic buyers are seizing opportunities offered by softened prices in emerging prime neighborhoods. Find out why unsold stock is rising, and what shifting demand means for the city’s high-end property scene.