"Central London remains something of an outlier with contributors telling us this is the one part of the market where there may be further give on prices in the near term." The survey from RICS comes after Knight Frank revealed that house prices in prime central London have fallen – with house prices down by as much as 10 per cent in Chelsea in September. Christopher Ames, chartered surveyor and estate agent at Ames Belgravia, said:
Hopefully the Brexit timetable announced recently will assist market confidence. The upper end of the market in London has not yet recovered since the December 2014 stamp duty land tax increase. The extra three per cent for second homes from April 2016 is having an impact this year.