| From Businessweek.com: Luxury-home prices in central London increased at the slowest rate since a recovery started a year ago on the prospect of lower bonuses for bankers and increased taxes for higher earners, Savills Plc said.
The average value of houses and apartments costing more than 1 million pounds ($1.5 million) increased 3 percent in the first quarter from the previous three months, according to the London-based property broker. Prices gained almost 17 percent from the year-earlier period, when an 18-month slide ended.....................................Full Article: Source
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