London Calling

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In spite of fears of a rise in interest rates and the growing probability of a hard Brexit househunters appear to be flocking to London. According to Knight Frank’s latest Prime London Sales Index the number of new prospective buyers rose by 31 per cent in June, compared with the year before.

It also says that sales of houses worth more than £10 million had also risen, suggesting that whatever happens to London’s pre-eminence as a financial services hub – and Deutsche Bank has already moved part of its business from the City to Frankfurt – the capital remains a safe haven for property.

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