Buyers spent a record-breaking £11.6bn on prime London property last year

Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.

Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.

“London’s super-prime markets stellar end to the year is evidence of the influence that the pandemic-fuelled desire for more space has on residential markets," says Savills.