‘Window of opportunity’ is closing for buyers in Prime Central London

Nearly three-quarters of recent residential property deals in Prime Central London involved cash buyers, according to analysis by Savills.

Almost twice as many homes have sold for more than £10mn in Mayfair this year than in 2022.

'Cautious optimism is emerging as prime buyers consider economic headwinds to be easing,' says Knight Frank, as the property firm raises its outlook for international resi price growth in 2024.