London's luxury property has witnessed a £38 billion development boom lately, owing to the increased demand from European and Asian buyers seeking stable investments, while turning away from the troubled eurozone economies.

Prime located, central London residential property continues to retain its shine not only from an international perspective but also in regard to South African investors, says Dr Andrew Golding, CE of the Pam Golding Property group.

Weaker conditions in the central London employment market are playing their part in ensuring the slide in rents continues into the fourth quarter, argues Liam Bailey, Knight Frank’s Head of Residential Research.