46% of prime London homes are £1m+, as off-centre property flourishes

Over half of the homes in London's prime postcodes are now worth more than a million quid, according to Marsh & Parsons' latest calculations. That's a rise of 8% on this time last year and 6% since January.

Another firm has been at the Casios today, this time working out by how much prime property values have been swelling by the hour.

Owning a house on Pepys Road, the fictional London street in John Lanchester’s novel Capital, “was like being in a casino in which you were guaranteed to be a winner”, writes Deutsche Bank's Sahil…