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London home prices surge most in two years on demand from cash-rich buyers

Posted on 17 October 2011

London home sellers raised asking prices by the most in two years in October, pushing values in the capital to a record.
Asking prices rose 5.2 percent from September, when they increased 2.4 percent, Rightmove Plc, Britain’s biggest property website, said in an e-mailed report today. That’s the biggest climb since October 2009 and takes the average price to 450,210 pounds ($710,000). Separate data from Rightmove showed national home values gained 2.8 percent in October……………………………………….Full Article: Source


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