Saturday, September 29, 2007
Lagging data not withstanding, anyone else expect this?
For the fifth month in a row, the rate of increase for London house prices remains over six per cent per annum greater than that of England and Wales as a whole. The August data shows the current rate of increase for London house prices has increased to over seven per cent per annum greater than that of England and Wales. With an annual price change of 16.7 per cent, London therefore leads the rest of the country in terms of house price growth by a significant margin. London's average house price for August 2007 stands at £349,838 whereas the average price for England and Wales is £182,914.