As London house prices continue to soar, it becomes hard to come up with new ways to describe their relentless rise. Another month, another record gain.
The UK’s national statistics agency recently released its latest estimate of house prices, one of the more comprehensive surveys out there. The headline stat is that the average London home in February was worth £458,000 ($766,000), up nearly 18% from a year ago. This was the fastest annual pace since at least 2002, as far back as this particular dataset goes.