A buying rush at the top of London’s prime property market could indicate prices have hit bottom, with some homes selling for up to 40 percent off the asking price, according to a new report by property consultancy Sterling Private Office.

Analysis featured in the report "Fortune favours the bold" showed sales of properties worth more than £2 million were up 12 percent year on year and sales of those worth more than £15 million were up 43 percent year on year (2018 vs 2017).

The report followed the news of Hussain Sajwani, Chairman of Dubai’s Damac Properties, announcing he intended to invest up to £1 billion in ...