Second, house prices are rather higher in Kensington and Chelsea than in the other two areas.
The combination of a weakening labour market, slipping house prices, tighter credit and higher fuel costs will weigh on domestic spending.
Rising inflation and falling house prices put pressure on marriages and might thus contribute to higher divorce rates.
Buoyed by higher house prices and a consumer splurge, the French economy was looking quite sprightly in the spring.
With interest rates so low, homebuyers can comfortably service bigger mortgages and so support higher house prices.
The result is a shortage of living space and ever-higher house prices.
House prices in Jersey and Guernsey are around 40% higher than they are in London.
Higher house prices make homeowners feel wealthier and so more willing to spend.
Lenders and rating agencies are heartened by their models, which show that it would take a combination of higher interest rates and falling house prices to make a worrying number of mortgage loans go bad.
ECONOMIST: Rising house prices have hidden a multitude of sins
The first minister said he has extended the amount of equity loan available under the scheme and will consider extending it in urban areas where house prices are higher.
BBC: No war on England, the First Minister declared this week.
Real house prices are 82% higher than they were in the last quarter of 1999, and have risen by 70% relative to household income, the biggest increase in all the countries Goldman has surveyed.
The stockmarket is still at only half its 2007 peak and, although house prices have risen sharply this year in Shanghai and Shenzhen, the nationwide average is barely higher than it was a year ago.
ECONOMIST: Is the economic stimulus too much of a good thing?
He repeated the standard arguments for why central bankers should not target house prices: that bubbles can be identified only after the fact, and that pricking them with higher interest rates might do more harm than good.
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