London’s prime market is patchy

The value of prime properties remains turbulent across London, with the top homes in Merton gaining the most in price last month, according to research by Primelocation. Merton’s most valuable 25 per cent of properties rose 15.8 per cent on last year to an average of £987, 705, the research said, compared to the most valuable homes in Harringey, which fell 13.5 per cent. Overall in London, the most expensive homes gained 0.5 per cent during the last month, and are up 3.3 per cent on last year at an average of £1.19m.