Mortgage values in prime central London locations are likely to be affected by the economic crisis currently engulfing the eurozone.
Knight Frank has revealed the turmoil is driving up residential prices in the region, with the average cost of a house in the area climbing to £3,968,300 in September.
This marks an annual price growth of 11.4 per cent, while the daily level has swelled by £1,117 across the last 12 months.
The company’s Liam Bailey noted the trouble in the eurozone has had a direct impact on the forcing up of these costs during this time.
According to the group – which has roots dating back to 1896 – prices in prime central London have escalated by 37.2 per cent since March 2009, when a record low in the post- credit crunch era was recorded.
The strongest price growth, meanwhile, was seen in Kensington and Chelsea, with both markets experiencing 14 per cent cost increases in the past year.
