City bonuses and wealthy foreign buyers are pushing up London house prices at their fastest pace since 2002, driving the capital’s housing market away from the rest of the country.
The latest FT house price index shows London house prices rose 12.7% in the 12 months to October.
If the monthly growth rate continues, the annual rise will be between 11-12% by December, the highest since December 2002, when prices rose an annual 16.7%.
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
