Prime London still rising

12th September 2014

House prices in prime central London have risen sharply, according to Knight Frank, up from £3.7m on average between March and May this year, to £4.7m between June and August.

Its latest report also shows that Italians have been the largest group of overseas buyers in 2014 so far, accounting for 6% of sales in the price band, followed by French (4.1%) and Russians (3.8%). Meanwhile, W.A. Ellis reports that the lettings market for prime central London is also buoyant, with a 14% increase in tenancies starting in August compared to the same month last year.

The Independent (09/09/2014)