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London home price rise 'unsustainable'

Overseas investor demand squeeze limited supply harder

Published Mon, Oct 21, 2013 · 10:00 PM
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[LONDON] London house prices rose at an unsustainable rate in October as demand from overseas investors added pressure to a market with an already small supply of properties, according to Rightmove Plc.

Values in the UK capital surged 10.2 per cent, or £50,484 (S$101,158), to an average £544,232, the property-website operator said in a report. Estate agents i…

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