London’s Over-£5-Million Market Sees Nearly 10% Jump in Sales

17 December 2020

Mansion Global 

The recent resilience of central London’s prime property market has been underpinned by the strength of the top end of the market, according to a report released Friday in the U.K. by LonRes.

The number of property transactions priced at £5 million (US$6.78 million) or more in the three months between September and November was 9.8% higher in 2020 than the same time in 2019, the property data firm said in its analysis of the city’s prime market, which includes upmarket neighborhoods such as Chelsea, Knightsbridge, Hampstead and Notting Hill.

In comparison, deals for homes priced below £2 million fell 8% over the same time.

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