Rat and Mouse
Tue
01
Jun
Prime still on a roll

And - according to Knight Frank - it's thanks to the Russians. The Knight Frank Prime London index has just seen its 14th consecutive monthly rise, up 1.4% in May, pushing it 23% above it's March 2009 low, and just 6.4% below its March 2008 peak. Interest is apparently being driven by a strong rouble. More here.

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Comments

This demonstrates that the prices of high-end properties has a disproportionally large impact on these indices.

If ones believes such surveys, a few Russians buying some mansions in central London are the cause for asking prices in my local area to keep rising.

A comforting thought for a seller, maybe - but buyer's really should see through these techniques.

Posted by at June 8, 2010 10:29 AM


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