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Evening Standard
Evening Standard
Business
Ella Jessel

London house prices rise to new record of £544,000 but ‘softening’ is on the horizon

London was the region with the slowest growing house prices across the UK in the year to July

(Picture: Daniel Lynch)

London’s property market remains resilient with a 9.2 per cent rise in average house prices in the year to July — but experts warn the cost of living crisis will soon dampen values.

The latest official data from the Land Registry shows that prices rose to a new record of £543,517 in July.

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