According to the Knight Frank’s recent index, in April, the property prices in the central London increased to 1.3 percent. Even though the sales volume decreased on a month-by-month basis due to the election campaign, however on the year-on-year basis it increased to 18 percent in a year.

Liam Bailey, Head of Residential Research and Partner at Knight Frank, said that Anecdotal data suggests that the election has had the impact of lowering purchase interest in the property market. It clearly says that the decrease in the demand of the property purchases was due to the election campaign.

However, the report found that the there was increase in the demand for the property from the foreign buyers, which kept the market not affecting. Due to the decrease in the value of the pound, now foreign property buyers have increased their market share again with the number of countries investing in the property in the Prime London is growing as Pakistani, German and Indian property buyers are also found to be showing more interest at the present situation.

Liam Bailey said that in the recent weeks, this particular property demand has been seen from the Greek property buyers as the present Euro area crisis focusing on Greece made greater levels of interest from the Greek buyers searching for a safe and secure purchase. He then added over the last three years Greeks have averaged about three percent of the prime central capital two million pounds plus purchases however in the six to the end of the March, their property share of the prime central capital market has increased to six percent, even though it still stays far behind that of the 15 percent accounted for by Russians and 13 percent for by Italians.