Profit from London home sales more than average asking price

London house sellers made a profit of £250,040 last year - more than enough to buy the average home elsewhere in the UK. The average cost of a house in the capital was £471,950 while outside London it was £202,900. About 73,000 people used that extra value to leave the city, many staying in the south, with 32% moving to places close to London in the southeast and 31% to the east of England. In 2018 those selling up made an average profit of £237,190.

The Times (09/03/2020)