In a report published by Knight Frank, said the growth of the cost of and demand for luxury housing in the suburbs of London, while in the center of the British capital there was a slight decline in property prices. In the second quarter of 2010, the cost of real estate in the suburbs of London has grown on average by 2.5% quarter on quarter and became almost 8% higher than a year ago. During the first half of the year, prices rose by 4.6%, but were still 15% below the peak in autumn 2007. During the last 12 months on the market price rise suburban London property was observed for each quarter. The continued decrease in the number of objects for sale, along with the growing demand is one of the main causes of rising prices. At the same time on the market of residential real estate Central London prices continue to decline, which began in July of this year, but at a slower pace. So, in August, prices decreased by 0.1% compared to July (in July, a decline of 0.5%). Due to lower prices annual growth of 16% in August 2010,
while in April this figure was 21%. Falling prices affected all price segments, but from
while in April this figure was 21%. Falling prices affected all price segments, but from