Wednesday, August 4News For London

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London house prices rise by 358 percent in 20 years

London house prices rise by 358 percent in 20 years

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London house prices have risen from an average of £83,000 to £380,000 in the past two decades, official figures show. This £297,000 increase since 1995 represents a 358 percent rise in London house prices according to the Office for National Statistics (ONS). The ONS report analysed property sale data from 112 towns and cities in England and Wales with more than 75,000 inhabitants. The data corresponds with a report compiled by media group Trinity Mirror earlier this month which indicated that median house prices in the W1B1 postocde in Westminster  have risen 1,875 percent from £200,000 in 1995 to £3.95m in 2015. London is not the fastest rising In the past five years house prices in London have increased by 38 percent. This is not the fastest however, as house prices in Camb