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London house prices rise by 8pct for properties worth £1m

Posted on 01 November 2012

London property prices have risen more than 8% in the last year for properties worth £1 million, with the number rising from 34.6% in September 2011 to 43% this year, along with an average annual property price rise of 11.1% in the last quarter.
According to estate agent Marsh & Parsons’ latest London Prime Market Monitor, in September 2010, 57.1% of £1 million properties were located in the traditional prime central locations such as Chelsea and Kensington. This figure has now dropped to 52.7% as areas to the south and west of more traditional prime central hotspots see strong price growth………………………………………..Full Article: Source


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