"Good News on House Prices": Average price of a London house soars 10 per cent in 12 months

Link to Evening Standard

"London house prices have surged by almost 10 per cent to a new all-time high, in a spring property bounce.

"The average value of a home in the capital rose by 2.5 per cent in March alone, to £374,568, according to official Land Registry data.

"... However, the rise will fuel concerns about the chronic lack of affordable housing to buy and rent in London. There was also a warning about the risk of 'overheating'. Jonathan Hopper, managing director, at property search consultants Garrington, said:

"What the capital needs is a steady and sustained recovery, not frenzied growth."