Prices have now increased for 10 consecutive months on their measure to an average £232,801 ($352,000).
The combination of buoyant international demand for London homes and loosening mortgage availability aided by Bank of England and Treasury measures have stoked prices across a number of U.K. real-estate gauges. Such indexes also mask the divergence between London and much of the rest of the country, where property values are still recovering from the aftermath of the 2008 financial crisis.
“The plethora of attractive mortgage deals on offer is working wonders and wider pools of buyers are flocking to the market,” said Richard Sexton, director of LSL’s e.surv surveyors. In London, 'money is pouring into prime areas from cash buyers and international investors looking to store their wealth in bricks and mortar'.
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