The Hampton & Sons index of prime residential property in London rose by 21.6% last year, to show a compound annual growth rate of 17% since the index baseline in 1974.
Looking ahead, Hampton & Sons say they feel that growth this year will be between 10% and 12%, despite fears in some quarters that the probability of a general election will create uncertainty and hold back growth.
The index is based on the capital appreciation of prime properties in Mayfair, Belgravia, Knightsbridge, Kensington, Chelsea, Regent’s Park and St John’s Wood.
