London house prices rise: Capital bucks the trend as the rest of the country suffers

Link to Evening Standard

"Official figures showed today that London house prices rose overall by 6.5 per cent last year.

The surge in the capital drove an England-wide increase of 2.3 per cent for the year to June, according to the Office for National Statistics.

But analysts predicted that house prices could edge downwards into next year, amid the uncertain economy and 'fragile' consumer confidence.

"... Howard Archer, of IHS Global Insight, said:

"We continue to suspect that house prices are headed lower over the rest of 2012, and very possibly beyond."