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House prices continue to rise in London – Hometrack

House prices rose by 0.4 per cent in London in November, up from October&#39s rise of 0.3 per cent according to Hometrack.

Prices fell in two boroughs, rose in 24 and remained the same in seven. The highest price rises were in Waltham Forest (1.5 per cent), Bromley (1.4 per cent), Enfield (1.4 per cent), Lambeth (1.2 per cent) and Islington (1.1 per cent). Price falls were seen in Bexley (-0.3 per cent) and Brent (-0.1 per cent).

Hometrack housing economist John Wrigleworth says: “Over the past twelve months, London has performed worse than the country as a whole – prices have fallen on average by 1.5 per cent. In spite of the top end of the market suffering badly in terms of price falls over the past year, the market is looking increasingly positive and price rises are now widespread across the capital.”

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