Prime London house prices skyrocket by 114%

While prime London property prices have remained largely flat on a year on year basis, some postcodes are seeing average sale prices climb by as much as 114%. Research shows that London's high-end homes commanded an average selling price of £3,229,509 in 2021, down when compared to 2020 albeit by just -0.8%. According to the research by debt advisory firm Henry Dannell, Camden's WC1A postcode saw the average sold price for £2m+ properties increase by 114%. A total of 30 prime London postcodes have seen positive movement where the average sold price for homes at £2m or above is concerned. However Westminster's WC2E postcode has endured the largest market decline, with sold prices down by -71% on an annual basis.

City AM (27/04/2022)