Person

The average price of a London house is now half a million pounds

Posted by
             
8773-ej8uxg.jpg
Picture: Chris Jackson/Getty Images

The average price of a home in London now costs over half a million pounds.

Bloomberg Business analysed residential property sales from Land Registry data, finding the average house price for every postcode and borough.

Prices rose on average by 13.1 per cent since the same time last year.

The below chart by Statista shows the rise in median sale price over the years:

8773-izqias.jpg

Alarmingly, the cost of a house has doubled in just under a decade, from a median of £249,834 in March 2006, and only appears to be accelerating.

Holloway (N7) and North Finchley (N12) are the latest postcodes to also pass the £500,000 mark.


2232-1v66378.jpg
2232-16rldia.jpg




More: Here's what London could soon look like if all its planned skyscrapers are built

More: London's housing crisis in 13 property listings

    Keep scrolling for next article