Prime property in the UK capital has been in a slump over the past decade

Overall demand for prime property steadied in the third quarter of the year on sales of mansions in south west boroughs, while central London sales fell.

Prices have slumped by around a fifth in the past decade due to low demand, while an exodus of high net worth individuals and uncertainty around property taxes has so far delayed a recovery in the market.

Overall, prime London properties – classed as those valued above £2m – saw a 0.2 per cent uplift in demand year on year.

This slight improvement was driven by properties valued between £2m to £10m in Putney, Barnes, Islington and Wandsworth.

On an annual basis, Putney, Wapping, Chiswick and Wandsworth saw the biggest increases in demand, with the first two

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