Foreign buyers boost London home prices 6%
Mon 29 Jul 2013
While the government's Help-to-buy programme is aimed at mainstream customers, housing market sentiment is "infectious across markets," the broker said.
UK house-price growth slowed in July as more Britons offered their property for sale and deman cooled at the start of the summer, Hometrack Ltd. said yesterday.
Average values in England and Wales increased 0.3 per cent after a 0.4 per cent gain in June, the London-based property researcher said in a statement. From a year earlier, prices were up 1.3 per cent, the most since 2012.
The average value of luxury homes in central London surpassed 2 million ($3 million) for the first time in the second quarter as more purchasers competed for a smaller number of properties on the market, broker Marsh & Parsons Ltd. said last week.