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London house prices defy recession fear

Posted on 29 September 2011

Property prices in London are on the brink of an all-time high in defiance of the economic slowdown, official figures reveal. The average house rose 2.1 per cent in value in the year to August to reach £348,686 - less than one per cent below the record set in January 2008.
Every other UK region saw annual falls, according to data from the Land Registry, which unlike other surveys is based on final completion prices……………………………………….Full Article: Source


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