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City Bonuses Will Drive House Prices Higher Still - Evening Standard July 07

City Bonuses will break all records this year. The fourth consecutive rise will give another boost to the already soaring London property market.

A bumper start to 2007 for City dealmakers and traders means that bonuses at least equalling last year's £8.8 billion are on the cards, according to forecasters.

Much of this cash will be pumped straight into prime London flats and houses, helping to maintain the relentless upward march of prices despite higher interest rates.