British buyers returning to London market

British buyers are returning back in numbers to the London property market while overseas buyers are being put off by higher taxes, Brits now account for well over two thirds of purchases in the capital’s prime post codes, according to a new study by estate agent Marsh & Parsons.

The report said overseas buyers have been put off by stronger sterling, stricter Government measures on non-domicile status, and heftier Stamp Duty for higher value purchases, UK buyers are filling that void left by them,  in Its latest London Property Monitor it has revealed that four out of five homes in the capital were bought by Brits in the third quarter of this year, up from three-quarters a year ago.

In the study it noted that overall demand for Prime London homes has grown in the three months to September 2015, and the number of registered buyers has climbed 4%. The Capital now has 14 buyers for every available property for sale, buyer competition is increasing whilst a drop of 5% has been seen in the supply of properties.

Peter Rollings, CEO of Marsh & Parsons,reportedly said: “The London property market has had to grit its teeth and bear the brunt of some rather trying taxation changes in recent months. At the high-end buyers are at the rock face of the new steeper Stamp Duty, and from overseas the strength of Sterling, and Government encroachments on nom-dom status make investing in the London property market seem daunting.

 



Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

The ‘Rentvesting’ Strategy: Owning a Home Where You Can’t Afford to Live

Oh, the ever-evolving property market. Keeps us wondering: how will I keep my head above water? And this is how a war-like property strategist is born. One of these savvy strategies is called: rentvesting. This is the art of renting where you want to live and buying where it fits your wallet.  Getting your foot…
Read More
Rightmove logo
Breaking News

Momentum gathers for retail investment as Bank Rate cut again

Demand to invest in retail property was up by 30% in Q3 2025 compared to the same period in 2024 The office market is also continuing to recover, with investment demand up by 31% over the same period, and leasing demand up by 7% Overall demand to invest in commercial property was up by 11%…
Read More
Breaking News

Surge in first-time buyers’ preference for cheaper homes subsides as market adjusts to April’s stamp duty changes

Proportion of first-time buyers purchasing properties under £300k decreased to 64.3 per cent in September, following a peak of 72.0 per cent in May after changes to stamp duty thresholds Detached and semi-detached homes now make up nearly two-thirds of non-first-time buyer purchases, as ‘second-steppers’ look for long-term security Spending on mortgage and rental payments…
Read More
Breaking News

UK House Price Index summary: August 2025

The average price of a property in the UK was £273,000 The annual price change for a property in the UK was 3.0% The monthly price change for a property in the UK was 0.8% The monthly index figure (January 2023 = 100) for the UK was 104.6   Colleen Babcock, Rightmove’s property expert, says:…
Read More
Breaking News

Breaking Property News 22/10/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why software audits matter for Proptechs In today’s hyper-competitive real estate technology landscape, scaling too quickly, or operating with outdated or inefficient systems can expose firms to risks far beyond lost opportunities. That’s why an increasing number of organisations are turning to a specialised…
Read More
Estate Agent Talk

Demand for project properties soars versus general market

New research from The Property DriveBuy reveals that demand for fixer-upper properties is easily eclipsing overall market demand as homebuyers demonstrate a strong appetite for renovation projects amidst ongoing affordability restrictions due to stubbornly higher mortgage rates and slow but steady house price growth. Across England, there are currently an estimated 601,525 homes listed for…
Read More