London home prices have witnessed their biggest new-year surge since 2008, as the number of home sellers on the market increased significantly pushing up the asking rates.
A monthly survey by real estate agent Rightmove showed that asking prices for London homes on its website rose 3.6 percent in January from the previous month to an average £480,890 ($764,000). Prices increased 9.7 percent year-on-year, the biggest annual increase since February 2010.
Nationally, prices rose 0.2 percent to £229,429 in January... (Continue Reading)
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