PCL prices are 13% higher than the previous market peak in early 2008, but the pace of growth has slowed as uncertainty creeps into the market over proposed tax reforms and the impact of stamp duty, according to Knight Frank’s Prime Central London Sales Index.
Here are the headlines:
- Prime central London property prices rose 0.5% in July, taking annual growth to 10.3%
- Prices have now risen by 49% since the post credit-crunch low in March 2009
- Prices are at a new record high and are 13.5% above their previous