Prices of London's most expensive mansions rebound

London

PRICES of central London homes valued at more than £10 million (S$21.2 million) surged 15.3 per cent from June through November, almost wiping out losses triggered by the government increasing the stamp duty sales tax a year ago.

Mansion buyers focused on newly completed or refurbished properties, according to broker Huntly Hooper Ltd, with just nine homes in the top price bracket being offered for sale in the past month, Zoopla data shows. Central London homes valued at £1 million or more fell 0.3 per cent in the same period.