The average price of a property in London is on the verge of reaching half a million pounds, according to the Land Registry.
Figures released show that property prices in the capital increased by 1.8% (that’s about £7,000) in September. The new data means London property prices have risen by 9.6% in the last year alone.
Kensington and Chelsea are the areas that remain the most expensive places to buy a property (the average home there costs more than £1.3 million).
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