House prices surge nearly 9% in London

London property in October was 8.7% more expensive than in October 2012, taking the average price in the capital to £390,720, according to the Land Registry, the Daily Mail reports. Meanwhile, house prices in the North West and North East of England dropped by 0.7% and 0.8% respectively - in the latter case helped by a drastic 3.1% drop on the previous month. Property values across England and Wales were up 3.1% on October last year, taking the average price to £165,515, in the biggest annual uplift seen since October 2010. The Land Registry data throws into relief the tricky balan...