London’s Prime Properties See Uptick in Prices
London’s high-end real estate market is showing continuing signs of recovery, according to the latest property index from Coutts.
Prime property prices in the city crept up again in the second quarter, leaving them 3.1% higher than they were at the end of last year, said the private bank and wealth manager in last week’s report.
Helping to support prices is a lack of supply and increasing demand.
Sales activity was up 21.4% in the second quarter compared to the previous three-month period.
Despite the recent uptick, prime prices are still 14.5% lower than they were in 2014, making high-end properties in the city good value to buyers.