London house prices continue to rise

16th September 2016

House prices continued to rise in London in the month after the Brexit vote, according to latest figures from the Land Registry. The average price of a home in the capital rose 1% in July to £484,716, making it 12.3% higher than a year ago. However, experts caution that the figures could reflect prices agreed in the weeks running up to the referendum. Prices in central London, which were faltering even before the vote, continued their decline: average prices in Kensington and Chelsea were down 3% year on year to £1,287,850. However, house prices in Newham, in districts such as the Royal Docks, Canning Town and Stratford, have risen almost 21%, to £359,000

Evening Standard (14/09/2016)