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London market focus : Mayfair and St James - 2016

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London market focus : Mayfair and St James - 2016

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

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Keywords : Knight Frank