Chester Square in Belgravia, London. Luxury homes are holding their appeal despite Brexit vote. Photograph: Guy Somerset/Alamy
Buyer interest in prime residential property higher in July and August than in 2015, according to Knight Frank

The luxury property market in the UK is gradually recovering following the shock of Britain voting to leave the EU, according to one of the country?s leading property agents.
Knight Frank said the number of exchanges agreed on homes worth more than £750,000 was down 20% on last year since the referendum, while the value of commercial property sales in July and August was 47% down on 2015.
However, Alistair Elliott, the senior partner and chairman of Knight Frank, said the aftermath of the Brexit vote had been ?less dramatic than feared?. Apple recently gave a major boost to the London property market by signing up for 500,000 sq ft of new office space at Battersea power station, while the number of prospective buyers registering their interest in prime residential property in the UK was higher in July and August than in 2015. ?In the first half of this year, UK markets became distracted by the looming EU referendum,? Elliott said. ?Nonetheless, the fundamentals remain strong and the immediate aftermath of the Brexit vote has been less dramatic than feared. Volumes and prices, especially in the residential sector, are down but activity is gradually recovering.?
Elliott said property in the UK looks attractive despite the referendum result,...