May
22
London Home Sellers Shrug Off Election, Raise Asking Prices
By-
Average asking prices in capital jump 2.1 percent in May
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National price growth accelerates to annual 3 percent
London house prices rebounded in May, rising to a record as buyers and sellers defied the usual trend of holding off on property transactions before an election.
The average asking price in the city rose 2.1 percent from April to 649,864 pounds ($846,000), property website Rightmove Plc said on Monday, even with the upcoming U.K. general election on June 8. The annual rate of growth remained subdued at 0.9 percent following a 1.5 percent drop last month. That was the biggest annual decline in almost eight years…
London Home Sellers Shrug Off Election, Raise Asking Prices
