Property sellers in London are becoming increasingly concerned about the prospect of stale listings, and are offering steep average discounts of 13 percent off the asking price, new data from the Coutts London Prime Property Index (CLPPI) has revealed.

The typical time to sell a London prime property has also risen to six months with the biggest discounts being applied to properties with homes worth more than £10 million – at 21 percent.

Latest findings also showed that Brexit and stamp duty hikes have had an impact on the market with sales volumes dropping to their lowest level since 2013.

Katherine O’Sh...