House prices in Prime Central London declined 4.3% in the year to January 2021, according to Knight Frank. In Prime Outer London, average prices fell 2.9% in the year to January which was the smallest decline since the first national lockdown last March. The number of transactions in Prime Central London was 12% higher in January 2021 over January 2020. In addition, the number of new prospective buyers was 14% higher than the five-year average in January. The total number of market appraisal valuations was 27% below the five-year average as more sellers than buyers hesitate during the third national lockdown. Analysing transactions over 2020, the £5m to £10m price bracket in Prime Central London noted the greatest rise in the number of sales, up 16.1% from 2019.