According to the Land Registry’s latest house price index, London house prices have fallen, compared with a relatively flat market in England and Wales. October’s Land Registry House Price Index showed house prices in London fell by 0.6%, following a 1.3% gain in September, while the overall English and Welsh market demonstrated a slight increase of 0.1%, well below the 0.7% average monthly increase recorded over the last 12 months. The average house price for England and Wales is now £184,346, while in London the figure stands at £351,039. At the same time, annual house price inflation also eased during October, dropping to 8.1% down from 8.7% in September.
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