1、 InsightSpring 2021Sales volumes poised to increase Annual price growth returns to Londons super-prime marketDemand far exceeds supply1 The race for space continuesSales of 10m-plus houses and flats, % splitThere are signs the super-prime (10 million-plus) sales market in London is recovering after
2、12 months during which activity was curbed by the global pandemic.Activity levels did not spring back in the same way as domestic-focussed prime markets after the first national lockdown, primarily due to restrictions around international travel.Although those restrictions remain in place, transacti
3、on levels and spending are rising as the UKs successful Covid-19 vaccination programme gathers pace and expectations grow that travel rules will be relaxed in coming months.Transaction volumesIn the six months to the end of April, 45 super-prime deals totalling of 817.4 million took place, whole-mar
4、ket data shows, figures that will be revised upwards as more transactions are recorded on the Land Registry. In the preceding six-month period, there were a total of 43 transactions totalling 677.9 million.“The market is poised for a strong year” said Paddy Dring, global head of prime sales at Knigh
5、t Frank. London has maintained its global appeal and coupled with a steady domestic demand, it means the second half of the year will be stronger than the first.The quest for more space is still influencing demand, among both domestic and overseas buyers. The highest percentage of super-prime exchan
6、ges in the 12 months to April took place in Kensington (18.6%), as figure 3 shows. The joint top locations in the previous 12 months were Knightsbridge and Mayfair (17.4%). Notting Hill has also grown in popularity, recording 10.5% of all super-prime deals over the last year, up from 5.4% in the pre