House prices in London top £300,000

The July to September figures suggest the average house price in England and Wales is £194,589, an average rise of 3.53% from £187,971 for the same period in 2004. But the volume of sales in England and Wales decreased by 15.41% from 309,101 in 2004 to 261,481 in 2005. The survey also shows 1,140 properties worth over £1m were sold in the 2005 quarter compared to 1,230 in 2004, and 78,559 properties under £120,000 were sold compared to 95,190 in 2004. In Greater London, the average property price increased by 4.47% from £287,470 in 2004 to £300,329 in 2005, while the volume of sales d...