prime central London 26% below peak

The mansion tax threshold in London is reportedly being cut from £2 million to £1.5 million — more than doubling the number of homes caught and pulling thousands of ordinary zone 1 owners into scope. Beneath that headline, the frozen inheritance tax nil rate band continues pulling more estates into charge as values rise. Meanwhile the market is splitting: prime central London sits 26% below peak as British buyers step in, while 88% of inner London flats listed last year failed to find a buyer within six months. Tax and tenure now matter as much as postcode.