Tuesday, April 17, 2007
London Homeowners Reap $150,000 as U.K. Prices Jump
London Homeowners Reap $150,000 as U.K. Prices Jump
By Jennifer Ryan
April 16, 2007 (Bloomberg) -- London homeowners gained an average 76,000 pounds ($150,000) on the value of their property in the past year, triple the median salary, as U.K. house prices rose the most since 2004, according to a leading UK property Web site.
Asking prices for a home in the British capital reached an average 379,846 pounds in the four weeks through April 7, up 25 percent from a year earlier, Rightmove Plc said today.
Read the full report from here @ Bloomberg, UK
By Jennifer Ryan
April 16, 2007 (Bloomberg) -- London homeowners gained an average 76,000 pounds ($150,000) on the value of their property in the past year, triple the median salary, as U.K. house prices rose the most since 2004, according to a leading UK property Web site.
Asking prices for a home in the British capital reached an average 379,846 pounds in the four weeks through April 7, up 25 percent from a year earlier, Rightmove Plc said today.
Read the full report from here @ Bloomberg, UK
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