Number of £500k+ homes coming onto the market surges 20%

Estate agency Jackson-Stops & Staff has been reporting a surge in demand - specifically from buyers in the new-build and off-plan arena - over the last six weeks.

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.

The number of properties hitting the open market in the UK has risen by 5% year-on-year, with higher-value homes seeing the most significant increases;