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Agents 'confounded' as luxury property keeps rising

Prime central London properties have risen for the sixth straight quarter forcing estate agents to revise up their forecasts for 2011

London's most luxurious properties rose for the sixth consecutive quarter in October to December 2010, confounding agents who are now having to revise up their forecasts for 2011.

According to Savills quarterly prime central London index, property prices rose 2.8% last quarter. The index covers central areas from Mayfair to Holland Park and Chelsea to St John's Wood.

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