Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Jonathan Prynn

London property market slump yet to materialise as average house prices rise £34k in a year

The average cost of a home in London rose £188 in the month to December 2022

(Picture: Daniel Lynch)

The widely predicted slump in London house prices has yet to materialise with the average value of a home in capital almost unchanged in December, according to latest official figures.

The average cost of a London home was up just £188 at £543,099 in the month, a rise of only 0.03 per cent, while the annual rate accelerated slightly to 6.7 per cent, an increase of £33,988, the data from the Land Registry shows.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.