London prime property soars

INVESTORS fleeing from the Eurozone turmoil are parking increasing amounts of money in top London property, pushing the price of prime houses close to £4m in recent weeks.

Viewings are up by 25 per cent over the three months to September.

The number of available properties has risen by 13 per cent, but not enough to keep pace with demand, leading to a 0.6 per cent rise in asking prices for London properties in the more desirable postcodes, according to research by Knight Frank.