Higher value properties in London have begun to sell again after the Brexit referendum almost brought the market to a halt, Savills has said.
The estate agency reported that sales of homes worth more than £20m had jumped 44pc this year as sellers began to lower their expectations on price.
Its residential transactions fell 7pc in London during the last six months, and 10pc elsewhere in the UK, although the average value of London property sold by the firm rose 16pc to £3.2m. Transaction values were 3pc higher year on year outside the capital.