11 Jan

Houses for sale in central London rose in price in December

Houses for sale in central London rose in price in December

The cost of properties for sale in central London rose in December 2010, it has been found.

Yesterday (January 10th 2011), Knight Frank reported that prices for prime central London homes increased by 1.3 per cent last month.

This represents a 10.3 per cent year-on-year rise from December 2009 for accommodation in the area.

According to the findings, Kensington, Knightsbridge and St John's Wood were the strongest markets during the final quarter of 2010, each experiencing a property price growth of more than three per cent over this period.

Homes worth between £1 million and £5 million in the capital also fared well during the final three months of last year, with properties in this price bracket increasing in value by 2.4 per cent during this timeframe.

Last month, the Land Registry's House Price Index showed that between November 2009 and 2010, property values in London rose more than six per cent. ADNFCR-1222-ID-800335681-ADNFCR

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