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Evening Standard
Evening Standard
Business
Simon Hunt

London house prices set to rise another £27,000 this year despite economic headwinds

The average price of a property sold by Savills has hit £2.2 million (PA)

(Picture: PA Archive)

London house prices are set to rise by another £27,000 before the end of the year as cost of living pressures and soaring interest rates are doing little to quell strong demand for homes in the capital.

Kensington and Chelsea will see the biggest jump in property value of any London borough with an average £68,103 rise, according to data from estate agent Benham and Reeves, followed by Westminster with a £47,222 rise.

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