Prices of prime London property rose 0.9% in June 2011, contributing to annual growth of 8.3%. Prices have risen 34% since their recent post-credit crunch low in March 2009. Prices are now at a record high, 2% higher than their previous peak in March 2008. Demand is holding steady as new supply looks set to surge - prices will continue to grow, albeit at a slower pace in the second half of 2011. Knight Frank revises its forecast for prime central London price growth from 3% to 9% this year.