In 2012, over 7,300 new units exchanged in central London, the research showed. This is a 50% increase year-on-year and the highest level since the financial crisis.
Jones Lang said in a statement that rates of sale in Central London improved steadily throughout the course of 2012 and that figures from the first quarter of 2013 so far showed that "there stands to be further improvement".
“The prominence of overseas buyers has undoubtedly been a driving force for this market," said Jones Lang lead residential director Peter Murray.
"But we must also not underestimate the activity from the domestic UK market. 2012 saw an increase in activity from UK purchasers and this positive upswing looks set to continue into 2013 as levels of interest are only set to increase,” he said.
According to the research, the number of units launched in 2012 was 6,800, an increase compared to 5,600 in 2011.
“It is all down to location and quality of product. Demand for schemes in core locations with good transport links and proximity to central London continue to do well. While overall activity in this market looks encouraging, developers must assess their options carefully,” Murray said.
