London continues to race ahead of the European prime residential property market with growth of 8.1%, says Knight Frank.

The global market for prime property stalled at the start of this year on the back of a drop in prices across Europe. Average prices in key world cities fell 0.4% in the first quarter with European cities taking seven of the 10 worst slots in the consultant’s quarterly index. London was 12th in Knight Frank’s list of 29 cities.