"Lucian Cook, head of residential research, shares insight and analysis into the data and trends currently shaping the UK property market in August"

"Recent further increases in the cost of mortgage finance are likely to put further pressure on prices in the more mortgage dependent parts of prime London"

"Price growth stabilises across prime London following a dip at the end of 2022. But realistic pricing will be crucial to maintain momentum and activity this year"

"Despite increasing economic headwinds in London, the number of sales of £1 million-plus homes in September this year were more than 50% above the pre-pandemic norm for the same month, according to Twenty-CI. "

"As London continues its return to normality, central London values have continued to recover over the past three months, after being in the doldrums for much of the pandemic."

"Prime London price growth starts to match the country after two years of underperforming as the back to work trend continues."

"While only larger properties in the leafier parts of the capital have come close to the price growth in the rest of the UK, the recovery in prime central London values is underway, and activity levels have picked up significantly over recent months."

"Central London's recovery continues continuing."