Even the wallets of wealthy buyers are showing the strain of London's inflated property market, with prices falling in Knightsbridge and Belgravia.

Exotic, obscure locations were the place to buy in 2006 but the game has changed. By Graham Norwood

Investors are turning to classic cars as they don't attract capital gains tax. With CGT charged at 28 per cent for higher-rate taxpayers, and 18 per cent otherwise, savings can be huge.

Hedge funds are being priced out of their favoured London homes in Mayfair and St James's as wealthy foreign buyers snap up properties and landlords ramp up rents to levels even the financial elite cannot afford.

Property prices in prime central London locations jumped by 0.7 per cent to a new record in May as wealthy Europeans flocked to the capital looking for a safe haven for their money amid the Eurozone crisis.

A vast £50m penthouse as large a seven-bedroom house has been planned for the top of the Shard, Europe's tallest skyscraper, it has been reported.

One of the UK's most striking buildings is to be offered for sale on the open market for the first time in its history.

Thousands of City job losses are hitting London's top-end rental market as bonuses are slashed and banks cut back on accommodation budgets, according to the estate agency Knight Frank.

Don't let your dreams of living abroad turn into a nightmare. Do your homework, says Chiara Cavaglieri

A Tory MP called for a debate on happiness yesterday, and urged an end to the "depressing ritual" of turning the clocks back in the autumn.

The number of people who own a second home in Britain soared to a record level in 2009, according to research by the estate agency Knight Frank.