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London luxury property market price growth unsustainable: Grosvenor Group

Posted on 22 April 2013

The luxury property boom in London is unsustainable, according to Grosvenor Group, the £5.8 billion investment group. It told Reuters that the rate of luxury home price growth in London looks shaky after years of foreign investment in the safe-haven market.
Luxury home prices there have increased 53% since 2009 compared to 25% in the rest of Greater London, according to Knight Frank………………………………………..Full Article: Source


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