
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.