Housing wealth gap at ¿record levels¿: Asking price for top end properties boosted by foreign investors | Mail Online
The 'wealth gap' between asking prices for high-end properties and typical UK houses has reached record levels, a survey found today.
Foreign investors have boosted sales at the top end of the market, while at the other end first-time buyers have struggled to get on the ladder, Primelocation.com found.
Primelocation.com's monthly index said the average asking price for 'prime' properties - those that are in the top quarter of the market by value - is £472,340, some £250,000 more than average asking prices.
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