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London’s luxury house prices advance as overseas buyers compete for haven

Posted on 09 January 2012

Luxury-home prices in central London gained for a 14th consecutive month in December as overseas buyers sought safer investments and competed for a smaller number of properties for sale, Knight Frank LLP said.

Values of houses and apartments costing an average of 3.7 million pounds ($5.7 million) rose by an average of 0.8 percent from a month earlier, the London-based broker said in a report today. Prices are now 7 percent higher than their previous peak in March 2008………………………………………Full Article: Source


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