17.10.2011 - London home prices surge most in two years on demand from cash-rich buyers
London home sellers raised asking prices by the most in two years in October, pushing values in the capital to a record. Asking prices rose 5.2 percent from September, when they increased 2.4 percent, Rightmove Plc, Britainís biggest property website, said in an e-mailed report today. Thatís the biggest climb since October 2009 and takes the average price to 450,210 pounds ($710,000). Separate data from Rightmove showed national home values gained 2.8 percent in October..............................................Full Article: Source
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