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What was the 2014 peak?
The 2014 peak refers to the highest point prime central London property prices reached before the recent decline. The story states current prices are 14% below that peak, indicating a significant drop from those record levels. This suggests a period of high demand and soaring values in the luxury market.
Stories that explain this
Eight in 10 Mayfair and Belgravia Homes Sell Below Asking PriceQuestions this opens up
What caused the 2014 peak? How far did prices fall? What is prime central London?Related explainers
Who buys London's prime homes? Could I buy a Mayfair home? How important is property to the UK? Is London losing its allure? Why are luxury homes cheaper? Are there fewer overseas buyers now? How do they buy property? What is Broad Peak?The full catalogue
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