Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Jonathan Prynn

FORGOTTEN HISTORY: Soaring interest rates hit london property hardest | History Defined

House prices fell in all but six of London’s 33 local authority areas last year as the capital’s property was hit harder than any other region of the UK by soaring interest rates, new analysis reveals today. 

The average London house price dropped by 5.2% in 2023, from £535,711 to £508,037, knocking £27,674 off the value of a typical home in the capital, according to latest Land Registry figures.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.