£1m forecast for two-bed homes in Prime London

Research from estate agent Marsh & Parsons suggests the average price of a two-bed property in prime London could reach £1m by the end of Q1 2014.

The last 12 months have seen a 14 per cent appreciation in two-bedroom Prime London homes to the current average price of £909,203 according to the estate agent.

The same growth rate would see that average price rise to £975,843 by the end of 2013 and £1,010,974 by March next year.

Marsh & Parsons defines Prime London as different areas from Chelsea to Clapham across the city.