Ranked: Prime London’s most price-reduced areas

“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.

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.

Easton in Bristol has seen the biggest escalation of average asking prices of anywhere in the UK since 2010, according to Rightmove.