London house prices flat amid pressure

New data from the ONS reveals that house prices in London remained stagnant in the year to December, with the average property value stuck at £549,000. This represents a 2.7% loss in value when adjusted for inflation. In contrast, the rest of the UK saw a 4.6% increase in house prices, the fastest growth in 23 months, with an average property fetching £268,000. The capital's high house price to earnings ratio of 8.22 compared to the national average of 6.55 highlights the affordability crisis, exacerbated by rising interest rates and recent tax changes. 

City AM (20/02/2025)   Financial Times (19/02/2025)