Sales transactions in Prime Central London in the last quarter of 2018 were 12.7 percent down on Q4 2017, according to the latest Coutts London Prime Property Index.
Additionally, prices fell by 6.8 percent from the same quarter last year.
However, London’s super prime properties valued at over £10 million continue to sell fast and fetch their asking price, perhaps proving there’s “always a place for super prime property,” as Katherine O’Shea, part of the Coutts strategic solutions team said.
These high-end properties are selling within three months on average, representing the shortest period...