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London house asking prices increase to record as demand spreads to suburbs

Posted on 20 June 2011

London home sellers raised asking prices to a record in June as demand from overseas buyers for luxury properties in the capital’s center began to “spill over” into some suburbs, Rightmove Plc said.
Average prices in London jumped 1.8 percent from May to 438,622 pounds ($708,680), the London-based operator of the U.K.’s biggest property website said in a report today. Nationally, values increased 0.6 percent, according to Rightmove, which added it doesn’t expect gains to be sustained………………………………………Full Article: Source


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