Prices of prime central London properties may see falls of around 2% this year as a result of the recent stamp duty changes which have checked market growth, a report by Savills indicates.
Current annual price falls are around 4.6%, but much of the impact of the rise in stamp duty is expected to have been absorbed by the end of the year.
In the medium term, the estate agency is forecasting steadily increasing prices, supported by wealth generation and growing demand.
