London prime resi prices to increase by 1% in 2019

London prime residential prices will increase by 1% in 2019, according to Knight Frank. This is an uplift from 0.5% growth in 2018, and is consistent with last year’s forecast, which predicted cumulative price growth of 13.1% in central London over the next five years. The UK capital maintained the number 10 spot in Knight Frank’s global prime forecast of 15 cities. The 2019 forecast highlights increased property market regulations, the rising cost of finance, and uncertainty surrounding Brexit as factors expected to influence prime prices. Kate Everett-Allen, partner, international residential research at Knight Frank, said: “Still positive, but marginally