Knight Frank's Prime Central London Index (July edition) saw a rise of 3.9%, the highest monthly growth since the Index began in 1976, leaving the annual figure at 36.4%, the highest (again) since '76. In the accompanying report, Knight Frank's Liam Bailey focusses on foreign ownership at the very top of the London market to explain supply constraint and increased demand. Foreign buyers are also, apparently, holding onto properties for longer.

Technorati Tags: London, property, real estate