10% London house price rise

Asking prices in London saw a 10% rise this month. Property experts say the increase is "unsustainable" and partly fuelled by foreign investors snapping up fresh stock.

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London house prices almost 14% higher than last year

Residential streets in Muswell Hill in north London. Credit: Dominic Lipinski/PA Wire

Prices in London are a whopping 13.8% higher than they were a year ago, compared to 3.8% higher in the rest of the country.

In London's outer boroughs prices the average price of £461,937 is more than twice the average in the rest of England and Wales.

Prime inner London property has reached stratospheric levels - an average of £937,110.

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