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[Reposted] NINE PER CENT RISE IN A YEAR: As the media would say: "Good News on House Prices"

"Kensington and Chelsea sees 6.2 per cent monthly rise in asking prices, and up by average of 1.9pc in London since February"

Link to Evening Standard

"Sellers are in the strongest position in the most desirable areas of central London, with Kensington & Chelsea seeing a 6.2 per cent monthly rise in asking prices to £2.32 million, up 15.8  per cent on the same time last year, according to property website Rightmove.

"Westminster properties came to the market in March priced at an average of £1.58 million, up 5.8 per cent in a month or 14 per cent in a year.

"The biggest annual rise was 16.8 per cent in Hammersmith and Fulham, where average asking prices breached £1 million for the first time.

"Across London, average asking prices are 1.9 per cent higher than in February, at £496,298, and nine per cent higher than last year."

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