Luxury London market “off the critical list”, agent claims
Camilla Dell of Black Brick claims the Capital's prime market is now like "a tyre slowly deflating".
The prime London property market is “like a tyre slowly deflating” rather than a bubble bursting, a leading agent claims.
Camilla Dell, Managing Partner at buying agency Black Brick, (pictured), says the luxury end of the Capital’s housing industry is now “off the critical list”.
“Rather than being a bubble bursting it has been more like a tyre slowly deflating,” she says.
Safe from collapse
After five years of being considered at high risk of a property crash, the latest UBS Global Real Estate Bubble Index 2026 considers London safe from the risk of a collapse, the latest Black Brick market analysis reports.
“By the end of this month, we will know the full contents of the Autumn Budget. With the possibility of changes to both Capital Gains Tax and Council Tax the fiscal statement could be significant for prime London’s housing market as it teeters on the edge of a long-awaited recovery,” the report states.
Stronger demand
Elsewhere, Knight Frank’s said last month that there was stronger demand and the first period of quarterly price growth – up 0.3% – in prime central London for four years.
Also, prices only fell 2% in the year, which was the smallest annual decline in 18 months.
