Soaring London properties 'a law unto themselves' as average prices jump 10 per cent in a year | Mail Online

Soaring London properties 'a law unto themselves' as average prices jump 10 per cent in a year | Mail Online

Prices of upmarket homes in London hit record highs in 2011 as the capital left the rest of the country in its wake, a report showed yesterday.
The average value of a ‘prime’ property in London has jumped ten per cent in the last 12 months to £1,221,699, according to the housing website PrimeLocation.com.
The increase of more than £111,500 – driven by booming demand from wealthy overseas buyers – represents a gloom-defying £306 a day.