Sat 07 Mar 2015
Greater London continued the trend of increased asking prices driven by multiple buyers and a shortage of property to sell. At the beginning of January 2015 the average asking price was the highest on record at £457,864.
If the trend continues we may see the average asking price reach the £500,000 mark in 2015.
Greater London has seen the greatest annual growth in the average asking priceof 15.86%, equivalent to £65,108