House prices up £20,000 on year

The cost of the average home in Britain has risen by nearly £20,000 in a year. Prices have shot up by 10% over the last 12 months.

Average asking prices are now £215,000, compared with £195,500 in September last year, according to property website Rightmove.

In London, the price rise has been even more dramatic, going up more than £9,000 in just one month, equal to more than £2,200 per week.

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