The average house price for Kensington and Chelsea property is £999,087, so says Rightmove.
House prices have increased phenomenally in the last month, with London at the front of pack , Rightmove, the online estate agent, stated today.
The average asking price is presently £218,954, an increase of 11.5% on October 2005.
London's performance is amazing. In the last year the average property asking price in the London borough of Kensington and Chelsea has surged 65% to £999,087.
This of course is the most fashionable west London address leading the pack, yet the City of Westminster was a close runner up, with price rises amounting to 54% in the last year. The 2006 price increase in London was 19%, up 2.1% in September alone.
In the north the picture is less rosy. North west and Yorkshire and Humberside house prices fell in September (by 1% and 0.8% respectively), with house prices in the northern region 2.2% higher than in September 2005.
House supply to the market is decreasing as prices increase, yet fewer home owners can afford to buy a more expensive house.
This results in upward price pressure with demand outstripping supply.
|
||||||||
|
Buying property
Selling property Estate agent fees Free property guides Conveyancing services Mortgage services See all Property Guides
 My estateagents
|
London House Prices are the Highest in the Country Mon, 16 Oct 2006
     Recommended linksLondon House Prices Are BoomingHouse Prices Soar with Hot Weather Housing Market Very Strong We Are Facing a Mortgage Squeeze Apply for a Mortgage |
|
||||||
Site Map |
About estateagents.co.uk |
Contact |
Terms & Conditions |
Links |
Press |
Estate Agents Login | 
© 1999-2009 estateagents.co.uk
© 1999-2009 estateagents.co.uk