Prime central London (PCL) property values flattened out during the first quarter of 2024 after six consecutive quarterly falls, figures suggest.
Analysts by agency brand Savills suggests that while prices were down annually, are early signs of recovery in the PCL market for the first time since the mini-Budget of September 2022.
The price of prime homes in central London levelled out in the first quarter of 2024 with a rise of 0.1%, albeit the only discernible uptick in values was in the market between £3-5 million, up 0.3%.