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London luxury-home prices climb the most in six months on overseas demand

Posted on 01 August 2011

Central London luxury-home prices jumped the most in six months in July as buyers from mainland Europe sought a haven from economic instability, driving values to record highs, Knight Frank LLP said.
Values of houses and apartments costing an average of 3.7 million pounds ($6.1 million) rose 9.6 percent in the 12 months through July, according to an index compiled by the London-based real-estate broker. That’s the most since January, when there was a 10.3 percent gain……………………………………….Full Article: Source


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