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Evening Standard
Evening Standard
Business
Jonathan Prynn

House prices in London rise again but agents warn that crash ‘now inevitable’

London Kwasi Kwarteng

The average cost of a home in the capital went up by 8.33 per cent in the year to August

(Picture: PA Archive)

London house prices have hit a new all-time high of £552,755 as buyers scramble to secure affordable mortgage deals before a feared sharp rise in interest rates.

The average cost of a home in the capital went up by 8.33 per cent in the year to August according to the latest figures from the Land Registry.

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