Average London house price to hit £500k next year - CityAM
The average house in London is likely to cost about £500,000 in just a year’s time, according to a forecast
What's driving UK house prices?
An explanation for rising U.K. house prices is that they are driven by a lack of supply. However, the number of houses rose by 0.6% in 2012-the same as the rise in the population. If there was a shortage of housing, one would expect to see rents rising. They're not.