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"London's average house price smashed through the £400,000 barrier for the first time last month, as the capital’s remarkable property bubble gathered momentum.
"Property values shot up by more than £10,000, or 2.6 per cent, in December alone, according to the Land Registry, reaching an average of £403,792.
"The 11.2 per cent annual rise was the highest since summer 2010, when prices were bouncing back from the slump triggered by the global financial crisis."
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