142 property sales above £5 million were recorded in Prime Central London in the first four months of this year, with a combined value of £1.42 billion.

The top-end of London’s property market continues to recover, with more £5m+ sales recorded in the first four months of 2021 than in any year since 2014.

There were 43 sales above £5 million during April 2021, according to Savills; the highest April figure since 2014. This brings the total for the first four months of the year to 142; that’s also the highest figure since 2014 (when 159 deals were recorded), and comes in a third higher than in the same period in 2020, and 65% up on 2019.

The total spent on these deals has also increased, reaching £1.42 billion in the first four months of the year; 32% more than in 2020, and 63% more than in 2019.  That puts the average deal price at just over £10 million.

Number of sales over £5 million in London

All sales over £5m in London, total value (£bn)

	£5m – £10m	£10m+	Total
Jan-Apr 2019	£0.40bn	£0.47bn	£0.87bn
Jan-Apr 2020	£0.53bn	£0.55bn	£1.08bn
Jan-Apr 2021	£0.71bn	£0.71bn	£1.42bn

Source: Savills