Prime London property market shows signs of life

London

PRIME London property has had a tough year, but there are signs that the slump is easing.

The capital's three most expensive boroughs - the City of Westminster, Camden, and Kensington and Chelsea - each saw sales jump by more than 20 per cent in the third quarter, according to a report from LSL Acadata published on Monday. The surge indicates that "momentum is returning" to prime central London after a year of tumbling property prices.