Home Residential Property London house prices grew 9.4% in one year – government

London house prices grew 9.4% in one year – government

by Sponsored Content
13th Nov 13 9:27 am

In case you hadn’t noticed, London house prices are having a bit of a moment.

There are lots of stats being bandied about, including Rightmove’s recent assertion that London home values increased 10% in October alone.

But the government’s Office for National Statistics typically keeps a calmer head than most in these cases, and its research into house prices is typically more comprehensive than most.

The ONS has released its own figures for London house prices and says that they grew 9.4% in the year to September 2013.

This boom in the capital is distorting average UK house price growth, pulling it up to 3.8% even though the average growth outside London and the South East was only 1.4%.

So are we on the brink of an almighty London housing bubble or not? You decide…

London house prices “to grow 35% by 2018” – is this a bubble or not?

Justin Urquhart Stewart: Don’t worry about a housing bubble – it’s “Help to Buy” you should fear

Five reasons why the London property bubble will burst

Economics Nobel Laureate says UK is in housing bubble

“Chances of housing bubble extremely slim,” says EY

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