propertytalk Live! - Prime property prices rise staggering £767 a day
Average prime central London properties have seen prices rise by £767 every day over the past 12 months.
That is the finding of the latest Prime Central London Index from Knight Frank.
Values for prime residential property in central London have now risen by 31.2% since March 2009 on average.
The market is being led by properties in the £1-£5million price bracket, which have seen prices rise by nearly 4% in the past three months.
Liam Bailey, Head of Knight Frank Residential Research, said: "The dislocation between the central London market and the wider UK market has widened into a chasm over the past 12 months.
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