£5m+ transactions in prime London have tumbled by 49% in the last year

30 April 2015

Prime Resi

As befits an election year, demand levels have dropped and, as a result, so have transactions and values. Across prime London the average price paid per square foot according to sales recorded by LonRes in the first quarter of 2015 was 0.5% lower than in the first quarter of 2014. This rate of annual price change represents a slowdown from the end of 2014, when prices were rising at an annual rate of 11.4%.

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