For the first time in over a year, prices of prime central London property in areas like Kensington, Mayfair and Chelsea are beginning to show signs of revival with a rise of 1% over April. However, the move towards positive territory could be short-lived, say agents.

The latest report published by high-end estate agent Knight Frank showed a timid recovery over the last month as house prices in Mayfair, Chelsea and Kensington rose by over 1%.