30.08.2011 - Luxury-home prices in London rise as overseas investors seek secure assets
Luxury-home prices in central London climbed the most in nine months in August, Knight Frank LLP said, as the increasing risk of a global recession prompted investors to seek a haven for their wealth. Values of houses and apartments costing an average of 3.7 million pounds ($6 million) rose 10.5 percent in the 12 months through August, according to a report released today by the London-based real-estate broker. Thatís the most since November, when there was an 11.2 percent increase..............................................Full Article: Source
Print