29/05/2026
The headline property indices are measuring the wrong things — and right now in Prime London, the gap between what they report and what's actually happening is widening.
Roughly 11,000 properties marketed this year. Fewer than 1,000 transacted. The 2-4% decline being reported applies only to those that sold. The other 10,000, sitting unsold or quietly withdrawn, are the truest signal of where the market actually sits.
This week's episode walks through four signals worth tracking: the silent inventory, the super-prime trophy resales that are misread as market corrections, the £1-2m bracket repricing in advance of the mansion tax, and why activity leads price when the bottom finally forms.
Full episode link in the comments.The headline property indices are measuring the wrong things.
In Prime London this year, roughly 11,000 properties were marketed and fewer than 1,000 transacted. The 2-4% decline being reported applies to the 10% that sold. The other 10,000 — sitting, withdrawn, or quietly relisted — are the truest signal of where this market actually sits.
In this week's episode I walk through four signals the property press isn't built to read: what's sitting unsold, what super-prime trophy resales reveal about valuation rather than markets, where demand is migrating in advance of the mansion tax, and why activity leads price when the bottom finally forms.