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Average London House Price Now Over £475,000

Real estate market booming in London with house prices soaring

Average London House Price Now Over £475,000

The average house price in England and Wales is now £179,696, 4.6% higher than a year ago, revealed Land Registry data.

Property prices rose in London and the South East by 9.1%. The average price of a home in the capital is now £475,961.

Around the country, average prices are much lower. In the North East, the average property is £100,295, in the North West the average is £114,312, in the West Midlands it is £137,185 and £246,552 in the South East.

The amount of house sales also increased by 16% in 2014 compared with 2013. Land Registry found that 912,001 sales were completed in 2014, but this number has dropped since the start of 2015.

 

 

 

 

 

 

 

 

 

 

 

Em Morley:
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