Cash Buyers Buoy London Housing Market

London’s luxury real estate market has had a stronger-than-expected start to 2023 with prices stable and signs of strong demand. The average price of a home in the U.K. capital rose 2.1% annually in February for properties priced between £5 million and £10 million (US$6.03 million and US$12.06 million), “reflecting the relatively stronger performance of…