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London’s luxury homes continue to rocket in price

Posted on 07 June 2011

Luxury-home prices in central London rocketed upwards at their fastest rate of increase for a year during May. The pound’s weakness on the international currency exchanges helped to encourage a large number of overseas buyers to compete for a declining number of properties for sale, according to agency Knight Frank LLP.
Residential property in the US $6 million bracket saw values jump by +1.4% on April, the seventh straight monthly increase. The market was up by 1% in April………………………………………Full Article: Source


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