Asking prices for London homes rose to a record this month as values increased in all but one of the capital’s 32 boroughs, according to Rightmove Plc.
Asking prices for homes in London surged to a record this month, as the buoyant outlook spread to other parts of the country, according to Rightmove Plc.
London home sellers increased asking prices for a third month in November as the city’s wealthiest areas continued to lure overseas buyers, Rightmove Plc said.
London home sellers raised asking prices to a record as they sought to tap the housing-market recovery and benefit from the scrapping of costly disclosure rules, Rightmove Plc said.
London house prices surged this month, helping national values post their best annual increase since before the financial crisis, Rightmove Plc said.
Asking prices for homes in London surged to a record this month as values in the borough of Kensington and Chelsea rose to an average 2.2 million pounds ($3.5 million), according to Rightmove Plc.
London house-price growth slowed in January after the best year since 2006 as values slid in the most expensive districts of Westminster and Kensington and Chelsea, Rightmove Plc said.
The London housing market will cool next year as a proposed tax on property sales limits demand from overseas buyers, Rightmove Plc said.
London asking prices for homes fell in November after a 10 percent jump last month as government measures to boost demand failed to offset the seasonal pre- Christmas decline, Rightmove Plc said.
London house values rose to a record this month and the city’s property market may be further boosted as investors seek a haven from the euro-area debt crisis, according to Rightmove Plc.
"While much of the growth since October 2007 is down to the boom in London, the ripple effect from the capital means other southern regions are starting to play catch-up."
- Miles Shipside on Apr 13, 2014