Demand for luxury homes in London has declined in the first quarter of the current year.

Less than 20% of prime and super-prime homes listed in London are finding buyers.

Upcoming changes in tax law, specifically the removal of non-dom status, are anticipated to further dampen the high-end housing market.

The prime rental sector is also seeing a decrease in demand, with inquiries dropping by 4% to 8%.

Overall, London's prime market demand has fallen by 1.7% in the first quarter and 1.8% over the past year.

Super-prime buyer demand has not changed significantly over the quarter but has seen a 5.5% decrease annually.