Luxury square that shows London’s mansions are not selling
Financial Times 2026-07-10 04:00:04
Context: In Knightsbridge's Montpelier Square, luxury property prices have significantly dropped from their peak a decade ago. This decline is attributed to a shift in foreign buyers' preferences, with many now looking to other areas for luxury real estate. As a result, the once-thriving market in Montpelier Square is now experiencing a slowdown.
Key Facts
- The property prices in Knightsbridge's Montpelier Square have tumbled from their peak a decade ago, indicating a significant decline in the luxury real estate market in the area.
- Foreign buyers, who were once a dominant force in the Montpelier Square luxury property market, are now looking elsewhere for their real estate investments.
- Montpelier Square, located in the heart of Knightsbridge, was once a highly sought-after location for luxury mansions, but it is now experiencing a slowdown in sales.