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London house prices still surging, says Land Registry | London house prices still surging, says Land Registry |
(about 1 hour later) | |
House prices in London are continuing to outstrip those in other parts of the country, according to the latest Land Registry figures. | House prices in London are continuing to outstrip those in other parts of the country, according to the latest Land Registry figures. |
The average price of a property in England and Wales rose by 0.8% in the 12 months to June, reaching £162,621. | The average price of a property in England and Wales rose by 0.8% in the 12 months to June, reaching £162,621. |
But London prices went up 6.9% in the same period, bringing the average price in the capital to £383,930. | But London prices went up 6.9% in the same period, bringing the average price in the capital to £383,930. |
London also saw the biggest monthly price change, up 3.1%, while the average for England and Wales was 0.6%. | London also saw the biggest monthly price change, up 3.1%, while the average for England and Wales was 0.6%. |
In many areas, prices are falling rather than rising. The biggest decline was in the North East, where prices fell 2.2% from May to June and 3.8% over the year to June. |
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