• Location plays a small part in deciding the cost of the freehold. Surveyors typically quote lower relativity rates, and therefore higher freehold costs, for property in the heart of London, compared to elsewhere in London or the the UK.
  
  'Prime central London' is defined in the index as covering: Belgravia, Chelsea, Hyde Park, Kensington, Knightsbridge, Marylebone, Mayfair, Notting Hill, Hyde Park, Riverside, The City and Fringe and St Johns Wood.