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London’s prime house prices continue to rise as sales fall

Posted on 21 November 2012

Prices in Prime London Central (PLC) have risen in value 3.7% in Q3 2012, bringing total price growth over the preceding 12 months to 15.3%.
However, the number of transactions have fallen by 9% in Q3 to just 5226 over the year. In Greater London, sales in the £2m - £5m sector have decreased by a staggering 53% as the effects of the new tax legislation begin to bite……………………………………….Full Article: Source

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