London House Prices in October 2016
The average property value in London in October 2016 was £474,475, according to the latest UK House Price Index by Land Registry.
The annual price increase was 7.7%. Monthly house prices have fallen by 1.2% since September 2016.
514 properties were repossessed in England, of which were 24 in London.
Average prices by property type in London shows that the average detached house costs £895,564.
The average price for the new builds in London was £565,003.
Sales during August 2016, the most up-to-date Land Registry figures available, show that the number of completed house sales in London fell by 39.3% to 6,607 compared with 10,881 in August 2015.
See the full report here.