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Evening Standard
Evening Standard
Business
Vicky Shaw

Average London house price down £1,600 despite national jump, says Halifax

Halifax United Kingdom Kim Kinnaird Myron Jobson Sam Mitchell Bank of England

The average London house price is down £1,612 month-on-month in October, according to Halifax.This bucked the national trend across the UK where house prices jumped by around £3,000 month-on-month in October – marking the first monthly increase since March. An average home in the capital cost £524,057 in October, compared to £525,678 in September.

Compared to this time last year, London house prices have dropped by 4.6 per cent.

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