London luxury home prices hit new highs
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London's luxury homes are now the most expensive in the world, experts say, with foreign buyers, salary bonuses and steady interest rates driving prices up in the capital's overheated property market.
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Mortgage rates are nearing a five-year high, raising the cost of home ownership for buyers by hundreds or thousands of dollars a year at a time when real estate markets are struggling with tepid demand and a surplus of houses for sale.
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LONDONâUS crude prices on the New York Mercantile Exchange hit fresh record highs on Tuesday, hitting $50.47 a barrel, up nearly 55 percent from the start of the year.
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London - Britain&#39;s inflation rate hit its highest level in five months in November, pushed up by air fares and surging utility bills, official figures showed yesterday.
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London oil prices hit record highs on Monday as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low US fuel stocks ahead of winter.
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House prices in Wales again see the highest average rise, with some homes in north Wales doubling in value.
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The number of homes sold in England, Wales and Northern Ireland hits its highest level since the 1980s boom.
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Prices for luxury goods rose twice as fast as consumer prices this year, a study showed, showing the jet set needs even more to fund its lavish lifestyle.
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Oil prices hit fresh records on Monday,  pushing London Brent crude above $50 for the first time and  extending a relentless rise that has added around 65 percent to  the cost of crude this year.
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Average house prices in the UK are accelerating again,  the government's figures indicate.
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The average price of a home in the UK surged in January, according to official figures.
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The finances of first-time home buyers are being stretched to record levels by rising house prices.
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One of London's newest landmark buildings, nicknamed "The Gherkin", is being valued for sale.
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One of the largest-ever series of drug raids is carried out on properties in London and home counties
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London crude prices hit record highs on  Monday as Nigeria emerged as the new focus of worries about  supply security on world oil markets.
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One of Israel's wealthiest men has bought the most expensive new house in Britain, a home in north London complete with cinema and nightclub, costing 35 million pounds (47 million euros, 69 million dollars), reports said Tuesday.
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Sterling hits a 14-year high against the dollar amid speculation that UK interest rates will rise in the New Year.