London Luxury-Home Sales Soar in 2013 as British Buying Rises

Home sales in London’s priciest neighborhoods climbed 37 percent last year as a rise in the number of U.K.-based buyers made up for dwindling investment from Europe, according to Knight Frank LLP.

Sales of houses and apartments worth 4 million pounds ($6.6 million) to 5 million pounds led the gains, rising by 88 percent, the London-based broker said in a report today, without giving specific figures. Transactions involving homes valued at more than 10 million pounds rose 42 percent.