Location: United Kingdom

Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.

Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.

Rental supply and demand remain very mismatched in the capital - but Knight Frank suggests that 'the UK property market may finally begin the process of self-correction' later this year.

'We became embarrassed by what we do. We have to be proud to be estate agents', says CEO Guy Gittins, as the high-profile firm eyes further acquisitions in the capital.

Rarely has the current state of the UK property market been such a poor guide for what happens next, says Knight Frank's research chief.

After losing ground to other parts of PCL over recent years, London's glitziest district is polishing up nicely;

London property prices have fallen over the last five years and are likely to drop further in 2023, says Zoopla.

A 'widespread repricing' is underway as home-buyer demand falls away, reports buying agency.

PrimeResi's exclusive intel reveals the most notable sales closed during the eventful second half of 2022, from record-breaking shell & core penthouses to turnkey mansions...

Searches for homes for sale in London increased by 9% from 2021 to 2022, says Rightmove, while searches for Cornwall and Devon dropped by 18% and 17% respectively.

CBRE's latest 'Hot 100' report compares and rates London boroughs according to ten different lifestyle, sustainability and property market metrics...

Phillimore Gardens in Kensington and Grosvenor Square in Mayfair top this year's list of most expensive addresses to buy a home.