London luxury property market set for recovery

According to new research from TwentyCi, the high-end central London housing market is set to see property prices rise faster than values in the outer boroughs for the first time in almost a decade. Demand for luxury inner London property is recovering as demand ebbs away from the more affordable periphery of the capital that has dominated the market since 2014. The number of home sales agreed in inner London in Q1 2022 is up 5.8% on 2019, while the number of sales agreed in outer London has fallen by 9.1%. The return of Middle Eastern buyers this summer has been seen as a true turning point, with JLL forecasting prices in prime central London to rise by 2.5% by the end of 2023, while values are expected to fall by 4% across Greater London and 6% across the UK. 

Evening Standard (03/05/2023)