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Evening Standard
Evening Standard
Business
Jonathan Prynn

London property market defies recession warnings with new record house price

London values rose by 1.9 per cent in June

(Picture: Daniel Lynch)

The resilient London property market continues to defy gloomy recession warnings and the cost of living crisis with average prices rising 6.3 per cent to a record £537,920 in the year to June.

Latest data from the Land Registry show London values went up by 1.9 per cent in June alone adding almost £10,000 to the average cost of a home in just a month.

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