Sales: London house prices: asking prices are at an all-time high, but Barnet is the only borough to see double-digit price rises over the past year

In Brief...

Modest growth across the capital takes the average asking house price to £650,000, reveals new report.

In Full...

Modest growth across the capital takes the average asking house price to £650,000, reveals new report.

House prices in the north London borough of Barnet have risen by an average of 10 per cent to £738,000 over the past 12 months.

It's the only borough in the capital to see double-digit price growth, reveals Rightmove's latest house price index, released today.

London asking prices to have risen by an average of just 0.9 per cent over the same period. However, now averaging £650,000, the price of property coming to market is at an all-time high.

"Time will tell how close these sellers get to their asking prices, but the uncertainty associated with an election has not deterred them from trying in increasing numbers and at an increased average price," says Rightmove director Miles Shipside.

 

Credits: Original article from Homes and Property