Prices of prime central London property are now at a record high – 2% higher than their previous peak in March 2008.
According to Knight Frank, prices of prime London property rose 0.9% last month alone, putting the cost of a central London house 8.3% higher than this time a year ago, and 34% more expensive than at the bottom of the market in March 2009.
Knight Frank originally forecast that prime London house growth would be 3% for this year. It has now revised its forecast to 9%.
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Comments
So Knight Frank were out in their forecast by a factor of three times.
They've never been the same since Rutley went.