50% rise in London house prices

According to property website Rightmove, house prices in London has risen 50% in a year.

The average asking price in Kensington and Chelsea is now over £1 million, 8.8% higher than last month and 54.9% higher than in November last year.

While house price rises in London have risen more in the last year than anywhere else, it is not the only place where property values are climbing. House prices are more than 10% higher than they were a year ago in the south-east, the south-west, and East Anglia, rising 16.3 %, 17.4%, and 14.4% respectively.