House prices up 5.3% in a year as London average property now cost 500k
 

Average property price tag in the capital is now £499,997

House values fell in North East and are now five times lower than London

Overall, average home now costs £186,553 across England and Wales

September property prices in England and Wales were up 5.3 per cent compared to a year ago - largely led by a revival in 'up and coming' pockets of London, official figures show today.

http://i.dailymail.co.uk/i/pix/2015/...6029572030.jpg

The Land Registry, which records actual sale prices, said that In the capital values rose 9.6 per cent compared to September 2014, meaning the average property now has a price tag just £3 short of £500,000.

Although house values have continued to go up across London, the rate of growth has been slowing since a peak last summer. At one point, prices were soaring by an annual 20 per cent.


Read more: http://www.thisismoney.co.uk/money/m...#ixzz3pspjidnv

Yes we can not stop London going Up.

Many From China , Russia and Saudi Arabia
are buying many propertys some old many new
all in London.


Its Even worse in NYC
Will.

yeah It's getting ridiculous now, I've heard about NYC.

Surely got to stop rising sometime...

How can the average Nurses, Bin men, firemen etc. afford these prices.

"Nurses, Bin men, firemen etc. afford these prices. "

They will have to Sub rent

London and NYC
have amazing views
its fully understandable that Prices keep going up.


Meanwhile Up North
Old House is £10
dumped from a council

Back to slum conditions and 12 to a room, serfs don't deserve anymore than that.