Average London price now £500,000

4th December 2015

House prices in London’s suburbs have now pushed the average cost of a home in the capital through the £500,000 barrier. Many outer boroughs have seen double digit growth as first time buyers and investors seek cheaper properties outside central London. The biggest year on year rise is noted to have been 13.1% in Hillingdon, where the average price stood at £361,595 in October according to Land Registry figures.. The west London borough was followed by Enfield on 12.8% and Bexley on 12.7% growth.

Evening Standard (28/11/2015)