London prices hit all-time high as new sellers ask £8k more
Rightmove’s London House Price Index for June finds that the strength of the market in the capital continues, leading to a new record high average asking price.
House Price Index
Average asking prices increase for the sixth consecutive month
June saw Rightmove record the sixth consecutive monthly rise in new sellers’ average asking prices, up by 0.6%.
Shortage of new sellers helps push up London asking prices
While nationally new sellers average asking prices increased by just 0.3% (£711), they were again outperformed by the confidence of the capital’s sellers who pushed theirs up by 1.1% (£4,470).