Luxury-home prices in central London are increasing in value twice as fast as the UK market as a whole as the weaker pound leads more overseas buyers to shrug off higher taxes and seek bargains in the most expensive neighborhoods, according to Knight Frank. Prices of properties costing more than £2m ($3m) rose 20% in June from a year earlier, the London-based real estate broker said in an e-mailed report today.
London luxury-home prices driven higher by overseas purchasers
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