Average price of a PCL penthouse tops £13m

A penthouse on Park Lane has just sold for £19.5m, breaking the £4,000 per square foot barrier and achieving a 400 per cent appreciation since being sold by the same agent in 1996.

Price growth continued to decelerate in prime central London last month and venerable areas like Notting Hill, Knightsbridge and South Ken are now lagging well behind the young upstarts to their east,…

In the first quarter of 2015, there were 35% fewer transactions across PCL than there were, on average, in the last five years, notes buying agency Turnbull Property.