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London house prices surge to near record as supply shortage helps sellers

Posted on 20 February 2012

Asking prices for London homes rose to close to a record in February, helping push national values the most in almost a decade, Rightmove Plc said.
Average asking prices in the U.K. capital rose 2.5 percent from January to 449,252 pounds ($710,300), less than 1,000 pounds below the record reached in October, the operator of Britain’s biggest property website said in a report today. Prices in England and Wales rose 4.1 percent on the month, the most since April 2002………………………………………..Full Article: Source


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