Connect with us

Hi, what are you looking for?

United Kingdom

London house prices hit six-year high as people return to work

Library picture

London house prices have grown at the fastest pace in the last six years.

Property prices grew 8.8 per cent compared to last year.

The average home in the capital now costs £554,718 – twice the national average.

It’s thought workers returning to the office have boosted costs.


The Halifax said it was the highest rate of growth since 2016.

And the cost of owning a London could rise higher.

Ian McKenzie, of the Guild of Property Professionals, said:

“The highest annual house price inflation in six years in London reflects the sense of back to business, reversing the years of employees moving out of cities during the pandemic.”

Andrew Montlake, of the mortgage broker Coreco, said prices in the capital could climb further.

“There’s life in London yet.

“House prices in the capital, as the engine room of the UK economy, could bizarrely benefit from a recession, as the regions go into reverse.”


Latest Tweets


You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...


The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...