The prime central London property boom has finally flat lined, according to Frank Knight, it saw zero growth during October.
This ends a four year climb, ever skyward, in the price of prime London property market.
Worries over 'mansion tax'
The agent cited that potential buyers were concerned over the possible introduction of a ‘mansion tax’, and predicted that this flat growth will continue through the first part of 2015, until the threat of the 'mansion tax' resolves in this May's elections.
Frank Knight's October 2014 Prime London Sales report predicts cumulative growth of 22% for the four years following - 2015 to 2019.
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