46% of prime London homes are GBP1m+, as off-centre property flourishes
Thu 25 Apr 2013
We're going to need a new acronym. We've been hearing a lot recently about the "prime fringes" of London and
of a "wealth creep" into areas outside of the traditional PCL (prime central London). Now Marsh & Parsons has
weighed-in with their latest London Property Monitor, which points to a narrowing of the price gap between PCL
and NCPL (non-central prime London) and highlights a dramatic increase in the number of 1m+homes; nearly
half of prime London properties are worth over a million, up from 37% at the same time last year.