‘Return to more sensible prices’ as ‘steam evaporates’ from the UK market

There's a "new paradigm" in the London market, notes Douglas & Gordon, after supply levels charged by 60% over the last year while demand slipped by 30%.

Prime central London property prices rose for the 34th month in a row in August, according to the latest from Knight Frank, with a 0.6% month-on-month increase taking that rise to 4.

Prime central London house prices are now 58% above their 2009 low, having risen by 7.2% over the last 12 months, according to the latest from Knight Frank.