London property market continues to defy gravity

The British capital's real estate market powered to a seventh month of increases in March, driving values to a five-year high, data from Acadametrics shows.

The average cost of a home in England and Wales rose 0.2 per cent on the month to reach £230,078 (HK$2.7 million), Acadametrics and LSL Property Services said in a monthly report.

Outside London, prices fell 0.1 per cent on the month.

via Business feed http://www.scmp.com/business/article/1214777/london-property-market-continues-defy-gravity