London house prices rose to a record in March, led by gains in some of the city’s most expensive districts, research group Acadametrics said. Values jumped 0.9% from February to an average £378,955 ($555,510) and were up 17.3% from a year earlier, Acadametrics said in a report today. Kensington and Chelsea led gains. Nationally, prices rose 0.5% in April, it said.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio