The prime central London property market is stabilising after a period of growth, according to the latest batch of figures.

According to the Land Registry, price growth in the City of Westminster slowed slightly last month to 1.3 per cent, but as that translates to an annual growth rate of a very healthy 17.4 per cent this cannot be seen as a cause for concern.

Annual growth in the London Borough of Camden, which covers Primrose Hill and the eastern part of Regent's Park, was a much less impressive 6.8 per cent but most of the borough is outside the prime central area.

Land Registry figures are comprehensive and authoritative, but relate to done deals so lag behind the market somewhat.  The latest report from market analysts Lonres also shows substantial growth of 10 per cent for flats and 12 per cent for houses in the prime central area, but they base this on the W1 and SW1, 3, 7 and 10 postcodes, which more closely match the prime central area.

Lonres also surveys agents for a more current view of the market, and find that more property is becoming available but the number of transactions is down, leading to the prospect of a buyers' market in the medium term.

Our view is that with the uncertain outlook, both householders and investors would be well advised to get themselves in the position they want to be in for the medium term, especially as mortgages are now more available then at any time since the credit crunch.