A significant number of homes in London's are priced at £1 million or more, according to new research. London lettings and estate agent, analysed sale stock levels across 28 areas in the capital's to find out what proportions of properties entering the market over the last 30 days hit a price tag of £1 million and above.

Nearly half (43%) of the 4,708 houses that have been listed across the prime London market within the last month cost £1 million or more, according to the findings. However, their research also revealed a specific neighbourhood where the proportion of million pound surges right up to 93%, making it the area which has seen the biggest influx of homes costing from £1 million and above.

, an area renowned for its luxury and exclusivity, is home to where the property market is seeing more homes hit those huge prices.

The affluent region boats high-end shopping experiences, upscale dining, and remarkable hotels, as well as a sophisticated and private social scene - plenty of features that would draw in wealthy buyers.

However, the West End neighbourhood is not the only with a vast number of expensive houses.

Just under two miles away, in Knightsbridge, 90% of the houses listed in the last month have an asking price of over £1 million. Barnes, Belgravia, and Fitzrovia also rank highly, all with over 70% of homes listed at the high price.

Marc von Grundheer, director of Benham and Reeves, said: "The high end London market may have been more muted with respect to the rate of property price appreciation being seen. However, that's not to say that there isn't a great deal of market actvity.

"In fact, a considerable number of sellers have entered the market already this year and a high proportion of these homes are commanding £1 million or more.

"As the year progresses and this initial activity translates into completed sales, we should see a far more stable outlook with respect to high end London house price performance."