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That said, buyers in London’s prime market remain “prepared to act on the right property at the right price” and interest appears to be holding firm despite the upcoming “mansion tax”, notes Marc von Grundherr, director, Benham and Reeves.

Buyer demand across London's prime property market rose 1.2% during Q4 2025, according to the latest Prime London Demand Index from lettings and estate agent Benham and Reeves.

According to estate agency Benham & Reeves, the neighbourhood offers a "unique blend of old-world charm and modern living".

“Since the announcement, there has been a notable surge in seller activity across Hillingdon, as the go ahead for a third runway pushes many off the fence and into the market before property values are negatively impacted,” Marc von Grundherr, director of Benham and Reeves, said.

Speaking back in April, director of Benham and Reeves, Marc von Grundherr, said: “The prime London market is a very different beast compared to the rest of London, let alone the UK, and it’s clear that the new Labour government has had a significant impact on prime London property values.”

The property market continued to demonstrate positive momentum during the third quarter of this year, with house prices increasing for a third consecutive time, according to the latest Property Market Index Review by London lettings and estate agent Benham and Reeves.

As Marc von Grundheer, director of estate agents Benham and Reeves, tells Metro, Canary Wharf has actually undergone a fairly impressive transformation over the last few years. What was once perceived as a soulless financial district defined by glass towers is now a genuinely vibrant residential destination, and one of the most sought-after rental markets in East London,’ Marc explains.

The latest analysis by London lettings and estate agent Benham and Reeves has revealed how high net worth homeowners could, in theory, dent the curb appeal of their property in an attempt to mitigate the impact of last week's Budget announcement, which introduced a new annual tax on homes valued above £2m.

Marc von Grundherr, director of Benham and Reeves: “The fact that house prices posted positive monthly growth in November, even with intense Budget speculation hanging over the market, shows just how stable and resilient conditions have remained throughout 2025."

Marc von Grundherr, director of Benham and Reeves said “The fact that house prices posted positive monthly growth in November, even with intense Budget speculation hanging over the market, shows just how stable and resilient conditions have remained throughout 2025. This suggests the early formation of a late-season surge that often materialises as buyers and sellers push to put their plans to move in motion ahead of the New Year.”