The average sale price in prime central London between June and August 2014 was £4.7 million, up from £3.7 million in the preceding three-month period.
Tagged – ‘London’
Knight Frank’s experience of global prime residential markets confirms the fact that buyers are increasingly focussing on the opportunities offered by currency movements.
Sales and rentals data in May 2014 suggests a reversal of fortunes is on the horizon in prime central London.
January’s residential market update has all the latest on the housing market across the UK assessing its recent performance and providing an analysis of the latest economic developments.
The number of new tenants moving into prime rented accommodation in London in the two months to October 2013 was at a record level.
Prime central London residential property prices increased by 0.6% in October and have increased by 6.2% over the first ten months of 2013.
Chinese investors are the most influential buying nationality in prime new-build markets globally , according to new research.
Just 28% of all £1m+ sales in prime central London over the 12 months to June 2013 were to buyers not resident in the UK, according to Knight Frank’s detailed analysis of international purchase activity in the city.
Rents in prime central London fell by 0.7% during the third quarter of 2013, taking the decline in rents so far this year to 1.2%, according to Knight Frank’s Prime Central London Rental Index.
House prices in prime central London increased by 0.7% in September, and have risen by 1.7% over the past quarter, according to Knight Frank’s Prime Central London Sales Index.