London house prices: The north-south divide emerging in the capital’s property sector
One interesting factor in new figures recently published, is a sign growth in house prices is slowing in parts of London. In fact, it looks like there’s a north-south divide emerging – and in this case it’s grim down south.
The figures showed while prices across the capital hit £517,919 in June, 5.4 per cent higher than in the same month last year, across the capital’s regions it’s a decidedly divided picture.
In the North West, average prices rose 42.1 per cent in the year to June, to £450,165; while in North London that rise was 20.2 per cent, to £688,540.
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