London property hotspots rise £1 a minute
Property prices in one London borough have risen by close to £1 a minute over the past year.
The asking price for homes in Kensington and Chelsea are, on average, £500,000 higher than they were last year. That is equal to a rise of almost £1,370 a day, about £57 an hour, or just over 95p a minute.
The average asking price in the borough now stands at £1,194,965, with experts attributing the boom to this year's record City bonuses as well as an influx of wealthy overseas buyers. Other boroughs that have seen spiralling prices include Westminster, where average asking prices are up by more than £300,000 to £837,421.
Asking prices in five boroughs - Camden, Hammersmith and Fulham, Wandsworth, Islington and Hackney - have all increased by more than £100,000 in the year to this month
The asking price for homes in Kensington and Chelsea are, on average, £500,000 higher than they were last year. That is equal to a rise of almost £1,370 a day, about £57 an hour, or just over 95p a minute.
The average asking price in the borough now stands at £1,194,965, with experts attributing the boom to this year's record City bonuses as well as an influx of wealthy overseas buyers. Other boroughs that have seen spiralling prices include Westminster, where average asking prices are up by more than £300,000 to £837,421.
Asking prices in five boroughs - Camden, Hammersmith and Fulham, Wandsworth, Islington and Hackney - have all increased by more than £100,000 in the year to this month
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9:57 AM
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