House sellers' asking prices went up 8.9% in the last 12 months, meaning the average property is on sale at a new record high of £272,003.
- In London, asking prices went up 16.3% in the last year
- Compared with 4.9% across the rest of the country
- Ten out of 32 boroughs in London say annual rises of more than 20% - with a 43% increase in Tower Hamlets driven by cash buyers.
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As a promotion Black Friday is flawed. While it whips up demand and redistributes it the event doesn't obviously generate additional sales.