Price rises are an ‘unmistakable sign of recovery’ for prime London’s property market
“We are not on the verge of the sort of dramatic double-digit bounce-back in prices,” says Tom Bill, head of UK residential research at Knight Frank. “But the prime London property market is resuming an overdue recovery that was interrupted by the pandemic.”
Super-prime recovery: £36.8bn is currently targeting London’s £10m+ property market
Infography: London's super-prime property market in seven charts.
Prime buyer demand rises in London, except for £10m+ homes
Estate agency Benham & Reeves has ranked which prime London areas and price brackets are seeing the highest levels of buyer demand.
Prime London ‘buying frenzy’ cuts price discounts & sales times
Q4 saw the average prime London property price rise by 3.6%, according to Coutts bank, taking it back to roughly the level seen just before the pandemic struck the UK.
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