‘Boomerang buyers’ return to the capital

House prices in London are rising at the fastest rate in six years as buyers who left the city during the pandemic look to return to be closer to work. The average property price is now £554,718, according to Halifax, a rise of 8.8% in the year to August. Mortgage brokers and estate agents have attributed the steep rise to the growing number of people moving back to the city in a reversal of the ­pandemic-­induced exodus.

The Sunday Telegraph (11/09/2022)