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Average London House Price Now Over £475,000
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
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.
