Ø Average prices in Prime London Central (PLC) have reached £1,379,142; up 13% over this time last year
Ø The number of transactions over £2m in PLC have risen 60% compared to last year.
Ø Positive news for England and Wales: price growth has increased by 5% over April 2012, transactions by 3%.
Ø The most expensive sale took place in a terraced house on Bolney Gate, The City of Westminster for £18,250,000
Ø The cheapest sale also took place in a terraced house. This time in Egremont, Cumbria for £7,000
April 2013 statistics released yesterday by HM Land Registry have shown property prices storming ahead in PLC. House prices in the heart of the capital rose 13% over the year to reach a new high of £1,379,142 – 6 times higher than England and Wales. The average price in the country has reached £234,957, showing a fractional growth since March. However, versus this time last year prices are 5% higher.