Knight Frank’s latest Prime Central London Index reports that, despite a 10.7 per cent year-on-year rise in prices and a minimal impact from SDLT increases, European uncertainty will temper 2012’s market performance.
The report’s key findings:
- Prime central London property prices rose 0.7 per cent in May 2012, contributing to annual growth of 10.7 per cent.
- Prices have risen 47.3 per cent since their post-credit-crunch low in March 2009.
- Prices are now at a record high, 12.1 per cent higher than their previous peak in March 2008.
- Prices in the