House Prices Rise In London

30 December 2011, 17:08

Despite the doom and gloom in the housing market, the average home now costs £300,000.

They went up 5% during 2011, that means they are just 1.6% below their all-time high.

Research from Nationwide shows out of 13 regions, 9 in the UK recorded a house price rise.

Homes in Camden, Greenwich, Hackney and Westminster have also doubled over the last decade.

But London is still the least affordable region, with a house price to earnings ratio of 7:4.