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Evening Standard
Evening Standard
Emma Magnus

Mayfair and Bayswater in demand as prime central London sees first house prices rises since 2023

Mayfair has seen one of the biggest rises in property transactions - (DANIEL LYNCH)

House prices in prime central London have risen for the first time since 2023, new data from LonRes shows.

Throughout 2024, property prices in the capital’s most expensive areas dropped. In Kensington and Chelsea, for example, property values fell more than anywhere else in the country, with 72 per cent of homes experiencing a price drop and an average reduction of £44,300, according to Zoopla.

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