Every month for the last year, annual house price growth has climbed. This is the longest stretch of year-on-year rises since the beginning of 2017 as London enters a strong spring sellers’ market.
The annual rate of growth in asking prices has increased every month since April 2021. This means the marketed price of a London home is 6.3 per cent higher this March than 12 months ago, taking the average to £664,400. From February 2021 to February 2022, the increase was as much as 7.3 per cent, up from 4.2 per cent from January to January.
