London house prices now a record £526,000 on average — but capital still lags behind rest of UK

House prices London houses

The latest Land Registry data from May shows the market remains ‘resilient’ as the average UK house now costs £283,496

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Buoyant London house prices hit a new record high in May despite the impact of a rapid succession of interest rate rises.

The average cost of a home in the capital was £526,183, up 8.2 percent in a year and 0.2 per cent over the month. Read more here