30 Dec

London house prices see 'monthly and annual increase'

London house prices see 'monthly and annual increase'

Properties in London have seen a significant year-on-year price rise, according to the November figures from the Land Registry office.

People with houses for sale in Muswell Hill may be interested to see that the organisation's house price index shows that homes in the capital experienced an annual increase in value of 3.5 per cent.

This change was the biggest year-on-year increase in the country, followed by properties in the south-east and east of England which went up by two and 1.7 per cent respectively.

Overall, properties across England and Wales enjoyed a monthly increase of 0.9 per cent, with the average price standing at £161,554.

Homes in Wales saw the biggest monthly rise of 2.9 per cent, while those in London followed close behind, going up by two per cent compared to October.

Last month, the Land Registry office revealed that house prices went up by an average of 0.6 per cent in England and Wales from September to October.ADNFCR-1222-ID-19534395-ADNFCR

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