The JLL Q2 2026 Prime Central London Report tracks activity across the central London housing market. The report incorporates the results of our quarterly JLL Prime Central London Index.
Across Prime Central London, buyers are working through ongoing headwinds, rather than retreating from them. Price falls have softened in Q2, with pockets of the market seeing notable increases in activity. Domestic purchasers are doing their bit to hold up the sub-£2million market, and activity at the top end has enjoyed some renewed momentum. But with another change of Prime Minister and fresh uncertainty surrounding fiscal policy – particularly taxation of high-value properties – we expect some caution in the market for the remainder of the year.
In the lettings market, much of the excess stock we saw listed in the run up to the Renters’ Rights Act has been absorbed. But despite an uptick in new lets, higher stock levels have limited the potential for increases in rents this quarter, with annual rental growth of 0.5 per cent in Q2.
