The “average” London house price

27th May 2016

New research suggests the often cited average house price of £550,000 for London is misleading: less than half of the capital’s property is at this price - and even less in prime central London locations. The key outliers were Kensington and Chelsea, where only 6% of the properties are on the market at the average price of a London home, followed by Westminster and Hammersmith and Fulham with 7% and 14% respectively.

City AM (25/05/2016)