Property boom continues as average UK house price climbs 10.9% in a year – official data
London property prices jumped by 2.2% in February, as the national annual rate of house price inflation climbed to +10.9%.
London's average property price dropped by a sharp 2.9% in September, according to the latest official statistics, taking annual growth in the capital down to +2.8% (from +6.7% in August)
"Buyer demand remains high but there are now signs that market is softening," says Zoopla's research chief, as more vendors cut asking prices and deals take longer to materialise
Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.
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By Saul Empson
The Putney Animal Hospital site, which has planning consent for seven new-build houses, is being pitched at £7mn.
Prime London postcodes and top-tier university cities 'are the most likely to escape relatively unscathed' from the property market downturn, says Garrington.
Recently rebuilt 'to a hotel-grade specification' behind the original façade, Mulberry House has been the home of the Swedish-born Mortstedt family for over three decades
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Super-sustainable housing scheme in East Sussex promises to be Britain’s biggest timber-structure neighbourhood
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New Canary Wharf sales boss Warren McCann previously managed seven central London offices for Douglas & Gordon
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