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Luxury-home prices in London rise as overseas investors seek secure assets

Posted on 30 August 2011

Luxury-home prices in central London climbed the most in nine months in August, Knight Frank LLP said, as the increasing risk of a global recession prompted investors to seek a haven for their wealth.
Values of houses and apartments costing an average of 3.7 million pounds ($6 million) rose 10.5 percent in the 12 months through August, according to a report released today by the London-based real-estate broker. That’s the most since November, when there was an 11.2 percent increase……………………………………….Full Article: Source


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