London house prices rise by a staggering £4,500 a week
The figures for asking prices come after new warnings about the risk posed by the capital's overheating housing market to Britain's economic recovery.
- Simon Harris: Political Correspondent
Rises in house prices in some boroughs exceed 20%
- Prices in London rose 16.3% over 12 months compared with 4.9% in the rest of the country
- In some boroughs the increase exceeded 20%
- Prices in Tower Hamlets, which includes Canary Wharf, rose by 43%
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London house prices soar: Borough by borough breakdown
The average house price in the Capital has risen to £592,763, an annual increase of 16.3%.
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London house prices rise by a staggering £4,500 a week
The figures come after new warnings about the risk posed by the capital's overheating housing market to Britain's economic recovery.