– The Knight Frank Prime Central London Index recorded positive growth for £1m+ house prices for the second month running in May.
– Prices in Central London rose by 1.6 per cent during May, which was four times the rate of growth seen in April, when prices rose by 0.4 per cent.
– On an annual basis prices are now down 20.1 per cent, and are down 22.3 per cent from the March 2008 peak.
– The recovery in prices has been led by the sub-£1million sector, where prices have now risen 2.7 per cent since March this year.
Source: Knight Frank