London house prices push past £250,000 mark

It says the average price of a property in London increased by 1% in May to £250,137, up from £247,730 in April and that house prices have increased by 10% since this time last year from £226.144. There have been marked variations in property prices across the different areas of the capital, with the North East and the East seeing the greatest increases in value at 4.5% and 2.1% respectively. Both areas have benefited from regeneration and improvement driven by the 2012 Olympics as well as record high salaries in the City. The West and the South West still have the highest average prices...