Prime Central London ‘has now bottomed out’ – Savills

There's been a "rebalancing of the market between London and the country", says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.

Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.

Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years.