The average house price in central London now stands at £820,200 following a 2.3 per cent increase in the first quarter of 2012, new research from CBRE has revealed. Prolonged demand from overseas investors has maintained the upward pressure on house prices in central London, which are now 16 per cent above their 2007 peak.

An increasing supply of good quality office property coming to the market and strong demand from investors meant that the office sector accounted for half of the European commercial property investment in the first quarter of 2012 (Q1 2012), according to the latest research by global property advisor CBRE Group, Inc.