Prime London property exchanges at third-highest level in five years as prices continue to climb

"Property in the capital’s most prestigious postcodes is overdue a recovery," says Savills, as it reveals its prime and mainstream market forecasts for the next five years.

There's 'a sense of opportunity' at the very top of London's property market, reports Savills, with 'some encouraging signs of activity' in the super-prime £10m+ arena.

Average prime values outside of London have climbed beyond their 2007 peak for the first time, says Savills, and now sit some 1.4% above their pre-crash high.