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TODAY'S OTHER NEWS

Prime London prices to rise despite short-term Brexit woe

A high end estate agency says prices in Prime Central London are poised to rise 18 per cent by 2024 despite short term worries over Brexit.

Knight Frank says there will be only modest growth in the short-term as the threat of a no-deal Brexit persists, combined with the possibility of stamp duty changes, a recovery for Sterling, and rising interest rates. 

The agency says price growth will then pick up before moderating in 2024, the year of the next General Election.

Prices in the PCL enclave will also be buoyed in the short term by a shortage of supply.

The overall number of £1m-plus listings in prime central London in November was 17 per cent lower than it was in the same month last year.

The number of active vendors fell in response to heightened political uncertainty, a trend which Knight Frank believes is likely to reverse following the election of a majority government

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