Knight Frank LLP stated that the luxury-home values in Central London had its smallest yearly increase last month. This was from last December of 2009 that a decline in the Knightsbridge area was experienced. According to the same London-based broker, the average price of a house in the city's premier neighborhoods has increased by 7.2% earlier this year. However, the monthly increase of 0.3% from December of last year was the smallest and little changes are expected to take place this year.

A credit boosting program was headed by the UK Treasury and the Bank of England. This was to market the luxury homes in the city when it is still at its inexpensive prices. On the other hand, the demand for prime lots remains strong. Frank added that a home priced at US$3 million causes more buyers to be price sensitive. In Knightsbridge, there was a 0.3% decline while in Belgravia; a 0.2% decrease was experienced.