Discounts shrink on prime London property as transactions rise

'The gap between prime buyer and seller price expectations have widened,' warns Savills, as top-end house prices prove resilient.

Property prices across Prime Central London remain -19% down on their previous peak a decade ago, says Savills, 'suggesting it is still a case of when, and not if, a stronger recovery takes hold.'

New LonRes data tells us that 23% fewer sales were agreed last week than in the previous seven days, and 26% fewer than in the same week last year.