Buyers spent a record £5.2bn on PCL property last year

Knight Frank's latest analysis of the prime London property market tells of a clear slowdown in buying activity - but a price crash seems unlikely.

Where in PCL have prices been rising fastest over the last 12 months? And which riverside neighbourhood has seen sales soar by 40% on pre-pandemic levels?

Agency now expects prices in the UK to fall by 5% next year and in 2024, wiping out the growth that took place during the second half of the pandemic.