Savills research director Frances McDonald explains what's really been happening in the prime markets across London and the country, and looks at the prospects for the rest of the year.

Beneath all the noise and commotion, demand for super-prime homes has held firm - with deal volumes running above the long-term average, reports top buying agent.

Higher borrowing costs, fuelled by rising energy prices and concerns over the new government’s policy agenda, are feeding through to mortgages and could cool housing demand further, warns Knight Frank’s…