London house prices have gone up by 50% in 2006
Rightmove reveals that house prices have increased by 50% in 2006 in London, many 50% higher than they were in October last year.
Kensington and Chelsea 's average asking price is presently over £1m, 8.8% higher than October 2006 and 55% higher than November 2006, online estate agent Rightmove highlights.
House prices have not just risen in London, average house prices in England and Wales are 1.5% higher than October, at £222,333. Thus asking prices have increased 12.4% on average in 2005 across England and Wales .
Sellers in the South are responsible for national house price growth rate going into double figures, confirmed Rightmove.
Moreover, house prices are 10% higher than a year ago in the south-west, the south-east and East Anglia, increasing by between 14% to 18%.
The North has been affected too in terms of house price growth rate.
Yorkshire and Humberside house prices went up 3.8%, with prices in the East Midlands, the north and north-west of England going up more than the average figure of 1.5%.
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London House Prices Have Risen 50 Per Cent During 2006 Mon, 20 Nov 2006
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