House prices in London jump amid lack of supply

Source: Bloomberg
Property prices in London surged as much as 10% in October of this year, as the demand for houses from foreign investors rises, while the supply stagnates. Investors evaluate London property as the safe asset to invest in. The average value of a house added 10.2%, or 50,484 pounds to 544,232 pounds. At the same time, house prices in whole England and Wales regions rose only 1.4%.

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