London House Prices Rebound in March Boosted by Outer Boroughs
- Ealing sees biggest gains as Kensington and Chelsea slumps
- Average U.K. house price rises to 310,108 pounds: Rightmove
This article is for subscribers only.
London property asking prices rebounded to an all-time high this month, boosted by areas on the periphery of the U.K. capital, according to Rightmove Plc.
The average price of a home coming to market climbed to 649,772 pounds ($805,000) in March, rising 1.4 percent from a month earlier, the property website said on Monday. Values have increased 0.9 percent annually, even as those in central boroughs stagnated. The best performing areas were Ealing and Harrow, while Kensington and Chelsea saw the biggest declines.