Savills’ latest Prime London Residential Spotlight asks some big questions of the capital’s property market: with the number of £1m+ house sales forecast to rise by 47% by 2018 – on top of a 165% jump over the last five years – is such stellar performance viable in the long term, and how is the map being redrawn to accommodate escalating values?
Here are the first two parts, by Yolande Barnes and Lucian Cook, of the agency’s exploration of the changing top-end of London’s property market; scroll down for more.
A new era for prime London?
Over the past 30 years the creation of wealth in the capital has led to spectacular price growth. But can this stellar performance continue, asks Savills’ Yolande Barnes…