The prices for housing in the capital of England are currently at an all-time rise since 1987. The average house price in the capital has exceeded the mark of £400,000. This is almost two times higher than the national average, according to The Guardian.
According to official statistics, prices in the capital of the Kingdom have increased by 25.8% during the second quarter of 2016 and the same period this year reached an average of £400.404, for the first time exceeding the level of £400 thousand. This is 30% above the previous peak that was observed in 2007 – 2008. The cost of real estate in the national average equals £188.903, while the annual rate of inflation in the real estate sector has reached 11.8% mark. (more…)