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London home prices jump as pound drop boosts foreign-buyer power

Posted on 18 March 2013

London home sellers raised asking prices this month as the weakness of the pound fueled interest from overseas buyers during the spring selling season, according to Rightmove Plc. (RMV).
Prices sought rose 1.9 percent from February to an average 496,298 pounds ($752,000), the property-website operator said in a report published today. Asking prices in the capital have surged more than 41,000 pounds in the past year and are now pushing close to 500,000 pounds. Nationally, average prices rose 1.7 percent in March from February………………………………………..Full Article: Source


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