London prime property prices received a boost in the final quarter of 2019, as the UK election and subsequent Brexit clarity provided more certainty for potential buyers.

Luxury property prices were up 4.8 percent in Q4, according to the Coutts London Prime Property Index, accounting for the majority of the 5.4 percent rise across the year.

The number of properties for sale has continued to fall. There were 11.8 percent fewer prime properties on the market compared to a year ago, while new listings fell 16.5 percent.