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The Knight Frank Prime Central London Residential Index reveals:
"The prime London market recovery has continued into its second year, with prices rising continually for 13 straight months..." View article
According to the latest data from property consultants Cluttons:
"Rents in Prime Central London rose by an average 3.1% over the first quarter of 2010, with five-plus bedroom houses seeing the highest uplift in rents at 7%..."
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According to Knight Frank's 'London Residential Development 2010 review':
"Sales of new-build homes rose by a remarkable 214% in the last full quarter when compared to the same period in 2008..."
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According to a number of estate agents:
"Larger houses of £5 million plus in Kensington, Knightsbridge, Belgravia and Mayfair are in some cases now selling at prices above those reached in Spring 2008..."
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Results from the Knight Frank Prime Central London Residential Index - February 2010 reveal:
"Prices in central London rose 3.2% in February, the strongest rate of growth in a single month since August 2007..."
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The fund has a 5 year life with a target return of 10.49%:
"Returns will be generated by acquiring assets below market value which will be refurbished or redeveloped to create additional value. Returns will be further enhanced through active portfolio management..."
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According to the latest House Price & Affordability Index from FindaProperty.com the big annual rises were in London whilst the north and west have yet to catch up:
"The recovery in the housing market is being led by London and regions in the south and east of the country..."
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