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.

Jon Gershinson and Louisa Brooks joint fixed charge receivers for Allsop have appointed global property advisor CBRE as selling agent in respect of 431-451 Oxford Street.

The Americas was the best performing region globally for real estate investment value, according to the Q1 2012 CBRE Capital Value Index. This marks a shift from 2011, when Asia Pacific set the pace for global real estate investment performance.