Conservative Win Seen Giving 20% Boost to London Mansion Values

Prices of London homes valued at 2 million pounds ($3.1 million) or more are forecast to rise by 20 percent in the next 12 months and double within five years after the Conservatives won the U.K. election.

Loose monetary policy and a pro-business strategy will attract overseas buyers to the U.K., boosting the value of the best properties, according to a report on Friday by London-based broker Douglas & Gordon.