London house price boom

House prices have risen for the third month in a row as market conditions in London improved to levels not seen since 2007, according to a new property study.

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London's key house price results

The key results for the capital are:

  • House prices rose 0.7% in London in April, compared to 0.3% nationally
  • Demand has grown thee times faster than supply in the last quarter
  • In London the time on the market is almost half the national average (9.1 weeks) at just 4.6 weeks - a rate not seen since 2007
  • 95% of sellers get the asking price in London. This compares to 93% in the rest of the country
  • North London registered the largest increase in the UK; 1.3% in April
  • Prices in South West London rose by 1.1%

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