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"London house prices have hit a new all-time high, following a 6.5 per cent annual surge, official figures reveal today.
"The London property market has continued to defy gravity since it bottomed out in Spring 2009 after the City banking collapse.
"Foreign buyers have flooded into London, drawn by the relative weakness of the pound and the capital’s status as a 'safe haven' from political and financial instability elsewhere in the world."
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