Forget about open house in London, it’s sold out

The asking price for residential property in London has reached an all time high, averaging about USD $680,000 per unit, as reported by bloomberg.com.  In the same time, shortage of properties for sale in London has climbed to the top level.  Although unemployment rate in Britain continued to stay at high level and economy recovery is still slow.  As per bloomberg.com report, the annual house price in London has increased about 6.5%.