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London house prices ‘to see five-year boom’

Posted on 12 November 2012

House prices in the capital are set to surge by as much as a quarter over the next five years, a leading property forecaster said. The most expensive central “bulls-eye” boroughs of Westminster and Kensington and Chelsea will see the biggest rises — 25.6% — as foreign money continues to pour into London bricks and mortar.
But the ripple effect, a desperate shortage of housing and the diminishing appeal of “moving to the country”, mean that prices will be forced up substantially in all parts of the capital, according to research from estate agency Savills………………………………………..Full Article: Source


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