Mid-market and lower-value homes have seen prices hold steady or rise slightly, compressing the gap with prime properties for the first time in 30 years.
London accounts for 66% (940 transactions) of all homes sold over £2 million across England and Wales this year, with an estimated annual tax charge of £15.8 million.
London’s property market appears to be stabilising, with new data suggesting it has reached the bottom of its current cycle and may be nearing a turning point.