13 May

Prices rise for houses for sale in London

Prices rise for houses for sale in London

People looking for property for sale in London have been told that capital values in the city rose by one per cent in April, according to the latest figures from Knight Frank.

The typical prime central London property has increased in value by £767 per day over the past 12 month, contributing to a 31.2 per cent rise since March 2009, the period considered the trough of the post-credit crunch market.

Luxury homes in London led the market, and properties in the £1 million to £5 million price bracket rose by four per cent in the last three month, with the strongest gains seen in Mayfair, Marylebone, St John's Wood and Kensington.

"UK buyers still account for around half of all transactions in the market and buyers in business and financial service employment represent at least 40% of all buyers in the robust £1m to £5m sector," said Liam Bailey, Head of Knight Frank Residential Research.

Last month, Knight Frank said the London property revival is also helping to push prime country house prices higher.ADNFCR-1222-ID-800533713-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.