Clarity and currency driving prime property demand

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Main image: Cost of prime central London property taking into account currency movements, indexed to 100 in December 2011 (Source: Knight Frank)

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An agency has noted a surge in enquiries for low-build houses in prime central London of late.
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More agents are joining the ranks predicting a drop-off in price growth next year; the latest - top London-based firm WA Ellis - is tipping a shift to more realistic pricing as the main driver. 
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"Weak market sentiment" amongst buyers has been blamed for poor performance in the prime regional property market, as Savills reports a fall in average values across the country.