Live updates

Advertisement

London's house price freeze

House prices stay same Credit: TM/JV

House prices in London have stayed steady this month - it's the first time in a year they 've not gone up.

Figures from property analyst Hometrack show the cost of the average home in the capital is at a standstill. Nationally, prices fell by 0.1%.

Advertisement

London prices reach new high

House prices have seen their biggest spring bounce in six years, according to property website Rightmove. London asking prices have reached a new high of £455,159, up 7.9% year-on-year.

The average asking price in Kensington and Chelsea has broken the £2 million barrier for the first time, with typical prices standing at £2,000,120 in the borough.

Strong interest from overseas buyers has helped to boost the London market, while all 10 regions in England and Wales recorded monthly price rises in March.