£1m+ home sales hit a record high in 2017, despite a slow first half

A London estate agency has estimated that nearly 400,000 residential transactions across the UK have been hit with a down valuation in the last year - including 59% of transactions in the capital.

Asking prices have increased in every region, reports Rightmove, with larger homes seeing the highest rate of property price inflation.

142 property sales above £5 million were recorded in Prime Central London in the first four months of this year, reports Savills, with a combined value of £1.42 billion.