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London luxury-home price gains accelerate on overseas buyers

Posted on 02 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………………………………………Full Article: Source

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