PCL/Fringe price difference has halved since 2008

After a 1% rise in June to take the annual increase to +11.8%, average UK property prices have now breached their 2007 peak, says Knight Frank.

After capital value growth of +3% in 2013's final quarter, taking the annual rise to +12.6%, the average property in prime central London is now worth £1.

July data from Knight Frank indicates that the annual price change in PCL rose above -6% for the first time in ten months