London, England (PRWEB UK) 6 February 2012

The price of Prime Central London property rose overall by 0.9% in January, according to upmarket estate agents Knight Frank.

Prices for prime property in the City and City Fringe areas also rose by an average of 0.8% across the month.

This latest rise pushed the three-month rate of growth to 2.7%, the highest rate since July 2011 with annual growth now standing at 11.9% and prime London property prices rising 42% since their post-Lehman low in March 2009.

Liam Bailey, Knight Frank’s head of residential research, comments: “The strength of London’s luxury sector, against a backdrop of economic difficulties both domestically and globally, has surprised many over the past year.

“Ironically economic and even political turmoil have provided the impetus for growth – with a sharp growth in investors looking for a safe-haven location for at least part of their wealth portfolio.

“The sector leading price growth at the current time is the