Luxury home prices in central London have soared 40 percent since March as wealthy overseas buyers seek a haven from political unrest and the sovereign debt crisis, Knight Frank said.
Values of houses and apartments costing an average of £3.7m ($5.9m) rose by an average of 12.5 percent in October from a year earlier, the London broker said, bolstered in part by Arab buyers………………………………………..Full Article: Source