London Archives - Inflation Watch https://inflationwatch.drduru.com/tag/london/ Watching for inflation here, there and everywhere Mon, 14 May 2012 06:42:08 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/inflationwatch.drduru.com/wp-content/uploads/2025/07/cropped-new-hp-money-printing-plates.png-1.webp?fit=32%2C32&ssl=1 London Archives - Inflation Watch https://inflationwatch.drduru.com/tag/london/ 32 32 246324047 Euro-flight to London Should Further Pressure Property Prices https://inflationwatch.drduru.com/euro-flight-to-london-should-further-pressure-property-prices/?utm_source=rss&utm_medium=rss&utm_campaign=euro-flight-to-london-should-further-pressure-property-prices Mon, 14 May 2012 06:42:08 +0000 http://inflationwatch.wordpress.com/?p=2043 Reuters reports that Greeks and Spaniards trying to escape economic and currency woes in their native countries are running to London in increasing numbers. The wealthier of these immigrants are snapping up property in London in attempt to protect their assets. The (average?) price for prime central London properties has increased by 44% over the […]

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]]> Reuters reports that Greeks and Spaniards trying to escape economic and currency woes in their native countries are running to London in increasing numbers. The wealthier of these immigrants are snapping up property in London in attempt to protect their assets. The (average?) price for prime central London properties has increased by 44% over the last three years. Prices in London as a whole have increased at half that rate.

For more details and stories from specific immigrants see “Euro zone turmoil boosts London property stampede.”

 

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]]> 2043 Home Prices In London Surpass Record Set Two Years Ago https://inflationwatch.drduru.com/home-prices-in-london-at-two-year-highs/?utm_source=rss&utm_medium=rss&utm_campaign=home-prices-in-london-at-two-year-highs Mon, 19 Oct 2009 16:20:28 +0000 http://inflationwatch.wordpress.com/?p=254 The Guardian reports that “London house prices surge past 2007 record high“: Property asking prices in London have broken through the record high set in November 2007 as the drought of homes for sale around the country continues to distort the market. New research out today shows that the average asking price in London jumped […]

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]]> The Guardian reports that “London house prices surge past 2007 record high“:

Property asking prices in London have broken through the record high set in November 2007 as the drought of homes for sale around the country continues to distort the market. New research out today shows that the average asking price in London jumped 6.5% to £461,157 in the four weeks to 10 October, sailing through the high of £412,731 set in November two years ago…The survey by the property website Rightmove also shows that asking prices in England and Wales are now higher than a year ago, after climbing 2.8% in the past month.

Prices have soared thanks to a lack of supply and rising demand, especially amongst high-end homes. The article also notes the proposed regulations to tighten lending standards could dampen demand in the near-future. Until then, it seems that property markets in the United Kingdom are heating up all over again.

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