01.08.2011 - London luxury-home prices climb the most in six months on overseas demand
Central London luxury-home prices jumped the most in six months in July as buyers from mainland Europe sought a haven from economic instability, driving values to record highs, Knight Frank LLP said. Values of houses and apartments costing an average of 3.7 million pounds ($6.1 million) rose 9.6 percent in the 12 months through July, according to an index compiled by the London-based real-estate broker. Thatís the most since January, when there was a 10.3 percent gain..............................................Full Article: Source
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