According to Savills, £850m of £5m+ homes were bought-and-sold in London between April and June, the second highest quarterly figure ever (after the same period, 2008). So far this year, the running total's at £1.6bn. But Savills' Lucian Cook doesn't expect the frenzy to last into the second half of the year, and predicts a sharp cooling off, leaving prime market house prices down slightly on the beginning of the year. More here.

Technorati Tags: property, real estate