Prices in the capital up 12% year-on-year, but signs of a two-speed market develop
The asking prices of properties coming to market in London this month increased by an average of just £136 to £515,379.
The asking prices of properties coming to market in London this month increased by an average of just £136 to £515,379.
Rightmove reports a seventh consecutive monthly rise in the price of property coming to market, up by 0.3% (+£860).
Asking prices of properties coming to market in London rise by 1.1% (+£5,373) to an average of £515,243.
The national average asking price of a property coming to market is over a quarter of a million pounds for the first time.
Check out our video for the latest headlines from our House Price Index, showing regional and national trends on UK property asking prices.
Buyers in the capital are facing new sellers’ average asking prices in excess of £500,000 for the first time.
Our infographic provides a breakdown of how prices are performing across each region and property type.
Since launching in 2002 the House Price Index has grown to become a major voice in reflecting current trends within the UK property market.