_Transactions on £20m + properties in Prime Central London hit five year high defying Brexit jitters

Top end property buyers in London are continuing to position themselves for life after Brexit with the number of offers made in *Prime Central London (PCL) in the first three months of this year the highest in more than ten years while the number of new buyers was the highest figure for the same period since 2014. 

Exchanges rose 6% between January and April versus last year, Knight Frank data shows.

According to Tom Bill, Head of Residential Research at Knight Frank, buyers and sellers are typically more discretionary in higher price brackets ( £20m +), which has led to greater pricing resilience in recent months.

The greater impact of a weaker sterling in higher price brackets has also underpinned demand among foreign buyers. 

*The prime London sales indices are based on repeat valuations of second-hand stock and do not include new-build property, although units from completed developments are included over time.

Currently on the market through Knight Frank in the £20 million + bracket:

An exceptional five/six bedroom villa for sale in the heart of Kensington, W8

A unique and substantial double fronted, low built villa near Kensington Palace and Hyde Park. The house has been built to the highest standards and provides desirable off-street parking for two cars and a spa with swimming pool. Approximately 545 sq m (5,870 sq. ft).

Eight bedroom house for sale in Chester Square, London, SW1W

A classic white Stucco fronted 19th century grade II listed trophy house in the heart of Belgravia with double fronted mews house at the rear, directly overlooking the magnificent gardens of Chester Square.

Six bedroom penthouse for sale in Eaton Place, Belgravia, London, SW1X

One of the finest addresses in Belgravia located just behind Eaton Square, this stunning penthouse, spread over three floors and spanning an impressive 6,484 sq ft provides contemporary living in a classical setting. There is an additional two bedroom garden flat that could be ideal for guest accommodation, house keeper or extra space required.

Ideal for entertaining, this apartment straddles two buildings with direct lift access to all floors. 

To discuss any of the points raised in this article or to find out more about Knight Frank's Global Prime Team contact: