Latest London news, sport & entertainment

Local Weather

Rain

Rain

max temp: 16°C

min temp: 9°C

Five-day forecast

London recorded the largest increase in house prices in the country at the end of last year.

To send a link to this page to a friend, you must be logged in.

The 6.4 per cent rise put the average cost of a house at £398,000 in December, above the national average and far in excess of the values seen in Scotland and Northern Ireland.

The 3.4 per cent national average house price appears to have been driven by the capital and the south east, which saw the next largest price rise - at 3.7 per cent.

Northern Ireland and the north east of England were the only regions to record house price falls, the Office for National Statistics figures showed.

It comes after Savills estate agents published analysis which showed how the value of London’s housing stock increased by 6.8 per cent to £1.12trillion in 2012.

It meant the cost of houses in 10 London boroughs amounted to more than that in Scotland, Wales and Northern Ireland.

Share this article

submit to reddit submit to Fark

Latest London news

0 comments

LDN24 Promotions

Always wanted to create your own beer? Perfect Pint are giving you the chance.

WIN beer with Beer BingoTM

When no simple way to find Real Ale was at hand, 4 Ale enthusiasts got together to allow anyone with a smart phone to find Real Ale no matter where they happened to be, this was the birth of the Perfect Pint app.

Read full story »

The Week subscription offer

The Week magazine special offer

London24 have partnered up with The Week magazine to offer you a complimentary issue – delivered free to your door.

Read full story »

Bird Box, the debut novel penned by Josh Malerman, frontman of Detroit based rock band The High Strung

DON’T OPEN YOUR EYES

London24 has teamed up with HarperCollins to offer a free Amazon Kindle taster of Bird Box, the debut novel penned by Josh Malerman, frontman of Detroit based rock band The High Strung.

Read full story »

Around the Web