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London property searches soar
Financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money. The number of Greeks searching for homes costing more than £1.5m on the website of property agent Savills jumped 39 per cent in April compared with the average of the preceding six months, the company said. The number of Spanish buyers grew by 14 per cent in April compared with the same six-month period and Knight Frank registered a 21 per cent jump. Searches from Portugal last month were 153 per cent up on April 2011 while Italian traffic jumped 46 per cent, Knight Frank said.