Deal volumes jumped 48% from Q1 to Q2, as Coutts points to 'some of the most attractive opportunities seen in the Prime London market for more than a decade.'

Market indices have given sellers false hope, reports buying agent Emma Fildes, and there is an air of desperation amongst those who went too big on price before the summer.

King’s bank points clients towards historic neighbourhoods still trading more than 20% below peak, as performance continues to diverge across the prime postcodes.