London house prices have risen across all boroughs this month to hit another record high, with the average asking price now standing at £677,110.
A year-on-year rise of 6.6 per cent, according to Rightmove’s latest property market data, and an increase of 1.9 per cent from last month.
The long-awaited end of Covid-19 restrictions, with the subsequent reopening of offices and cultural attractions, has been tempting buyers back to the capital after two years of dampened interest.
Borough data shows that Kensington and Chelsea is enjoying the biggest annual hike, with property prices rising 13.8 per cent to £1.74 million, meaning it is still the most expensive place to live in London.
Demand for the royal borough’s multi-million-pound homes has been fuelled by the return of wealthy international buyers to the prime London property market in recent months.