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Central London home prices seen stagnating as buyers 'give up'

A residential street in Notting Hill in central London. A home in the city now costs £616,548 on average, 20 times the average salary of £30,821, after prices jumped 10% over the past year.


THE price of homes in central London will stagnate next year as prospective buyers priced out of the UK capital look for property farther afield, according to property website operator Rightmove.

Asking prices in outer London will rise 6 per cent, creating a 3 per cent gain