Activity is picking up in London’s prime property markets

Sales in the prime property markets in London increased year on year in the second quarter of 2019, boosted by a rise in transactions in the £10 million plus market which reached a four year high. The latest real estate market analysis from Knight Frank also shows that on a quarterly and monthly basis the market has improved although compared with a year ago prices are still down. In prime central London prices increased by 0.7% month on month, but fell 0.7% quarter on quarter and are still down 4.8% year on year. In the prime outer London market prices fell 0.1% month on month, increased 0.3% quarter on quarter but were down 3.7% year on year.