London house prices rise but ‘frightening level of inflation’ and cost of living crisis likely to dampen market

With growth of 4.8 per cent, London saw the slowest rise of any region in the country in the year to March

(Picture: Daniel Lynch)

London house prices rose 4.8 per cent an average of £523,666 in the year to March, the Land Registry said today.

The figures suggest the capital’s property market is continuing the pattern of steady single digit growth seen since early in the pandemic. London saw the slowest growth of any region in the country.