{
  "id": 19577213,
  "title": "Sales of £5 million-plus properties defy prime London slump",
  "url": "https://urgent.news/2026/11/12/sales-of-5-million-plus-properties-defy-prime-london-slump-19577213",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T00:01:00.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/news/uk/2026/11/12/sales-of-5m-properties-defy-prime-london-slump/"
  },
  "original_language": "en",
  "account": "Sales of high-value London properties rose 13.6 per cent in October, defying a slump in the broader prime London market, according to data from property firm LonRes. Sales of properties priced above £5 million increased 13.6 per cent, while overall prime London sales fell 17.5 per cent compared to the same month last year. The market's downturn was attributed to a UK government budget pause, speculation over tax policy changes, and the impact of the US political shift. Average sale prices in London fell 6.6 per cent year-over-year, but rental prices rose 5 per cent. Nick Gregori, LonRes head of research, suggested the subdued October could be a result of waiting to see if any policy surprises emerged from Chancellor John Healey's budget. He added that potential market recovery may depend on November data and the influence of the US political changes.",
  "summary": "Sales of properties in London’s prime neighbourhoods slumped last month as the UK government's budget put a pause on transactions, figures show. There were 17.5 per cent fewer sales transactions in October than a year earlier, and 6.6 per cent fewer than the October average for the pre-pandemic years of 2017-19, according to figures by property data firm LonRes. The number of sales was the lowest…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}