Top end rallies but PCL transactions still well down on 2014 levels

"Borrowers can now snap up some of the lowest mortgage rates on record," says Hamptons, and it's the top-end of the market that's seeing the benefit.

The average sale price in prime central London shot up by 27% to £4.

In the first quarter of 2015, there were 35% fewer transactions across PCL than there were, on average, in the last five years, notes buying agency Turnbull Property.