The all-time post code record for a one bedroom flat at the staggering price of £2.5M was achieved two weeks ago when a St. James Park one bed Penthouse changed hands.
The market is now accelerating. Beauchamp Estates who have for years specialized in the very top end residential in London are reporting a huge wave of new business at the luxury end of the market. Three deals of £10M+ are under active discussion and transactions are predicted to rise 20%.
It is looking like a very strong come back in the luxury market and this is being supported by a wave of new viewings and transactions in the middle market.
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