The latest statistics released by the UK land registry show that the performance of the property market maintained it’s momentum, registering a 1.0% growth in property prices across London in January 2014. Prime Central London has also performed well with property prices in the Royal Borough of Kensington and Chelsea growing by 1.1% in January 2014. The average price of property in the Royal Borough currently stands at £1,198,745, which is an increase of 11.10% over the previous year.
The number of sale transactions has also continued to grow registering an increase of 20% over 2012. The latest statistics refer to the month of November 2013 when the number of properties sold amounted to 10,632, an increase of 2,008 transactions over the same month in 2012.
