A research produced by
Mayfair has outperformed other prime central London property markets against the backdrop of cooling demand over the last year.
The primary cause of the slowdown in demand was a rise in stamp duty for properties worth more than £1.1 million, which has curbed transaction levels and dampened price growth. The result was a 19.5% decline in prime central London sales volumes in the first half of 2015 compared to 2014.
Source : Knight Frank
