Londons surge in property price since 2008

The office has released June's property data.

The ONS reflect on recent property price rises, as a result of rising employment, better availability of mortgage finance, pent ip demand and a return of market confidence. 

 

London's growth is put down to an 'increase in the level of foreign demand'.

That about sums it up.

Here's their chart on relative change since Q1 2008. It shows just how well London has done in comparison with the rest of the UK.

Read the full ONS data for June 2014.