London – Up 2.7% Percent in August

* The region with the most significant annual price increase is London with an increase of 21.6% (Aug 2013 – 2014).
* The North East of England registered the lowest annual growth of 3%.
* The UK land registry reports an annual growth of 8.4% in England and Wales bringing the average house prices to £177,824 (Aug 2014).
* In London, the Borough of Merton experienced the highest monthly increase (+3.5%) followed by Richmond upon Thames (+3%).
* Havering registered the lowest monthly change at -0.1%.
* Repossession volumes in England and Wales decreased by 36% in June 2014 to 794 compared with 1,238 in June 2013.
Source :Land registry                                          Aug               12 Months            Av. Price
UK                                                                           +1%               +8.4%                   £177,824
London                                                                   +2.7%           +21.6%                  £467,070
Royal Borough of Kensington and Chelsea    +1%               +19.7%                  £1,380,279
City of Westminster                                            +0.5%           +18.5%                  £969,216