Sunday, Dec 10, 2006

Rich foreign buyers and city bonuses push London house prices into fantasy land!

Free Help Advice: Rich foreign buyers and city bonuses push London house prices into fantasy land!

House prices in London inflated 12.7% in 12 months! Estate agents in London have reported that there has been no let-up in their business. Rich foreign buyers and city bonuses are fuelling the upward movement of house prices in London, widening the gap between the capitals housing market and that of those in rest of the country. According to the FT house price index, published yesterday, house prices in London inflated 12.7 per cent in 12 months to October 2006. If this trend continues, the annual rise will be between 11-12 per cent by December, the highest since 2002, when house prices rose by 16.7 per cent in a year.

Posted by matt @ 06:04 PM (469 views)
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