London''s super-prime market looks set to remain healthy for at least the next year.

That is according to Knight Frank, which has published research revealing that the capital remains the "dominant centre for global wealth creation".

According to the firm, 60 per cent of all central London property purchases over £4 million were made by foreigners.

Further to this, there is no sign of London''s popularity among the world''s richest people slowing down.

"This report confirms our view that despite the slowdown in the wider property market, London''s super prime market looks set to lead the UK for at least the next 12 to 18 months," commented Liam Bailey, head of residential research at Knight Frank.

"We see London as the strongest residential market for 2008 and it will continue to be regarded as the home of choice to the international community.

"London remains a dominant centre for global wealth creation… It is therefore our view that as long as the world''s top investment banks, private equity firms and hedge firms regard London as their favoured market its super-prime market will continue to follow the upward trajectory," he added.

Knight Frank highlighted that the Montevetro at Battersea Reach is estimated to have outperformed its immediate market by 26 per cent since 2000.