Prime London buyer demand is running 72% above the five-year average, while property supply is 12% down

"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.

But the majority of October's property exchanges in prime London still originated in deals done before the first national lockdown, says Knight Frank.

Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.