Green shoots emerging in the housing market – Knight Frank

The housing market is "as expected showing signs of a modest recovery" says the Council of Mortgage Lenders, as the latest gross lending estimates show a fairly static picture through May.

You may or may not recognise this building, but one Kensington agent reckons it holds the key to determining which properties command the biggest premiums in the Hyde Park area.

Prime rents around the world are rising, on average, by 1.3% a year according to Knight Frank's latest spot check. That's significantly down from the rate of 3.5% recorded a year ago.