[Brakenshire]

That will be the simple average rather than the median, so it's biased by crazy oligarch prices. Here are the median house prices:

https://www.gov.uk/government/uploads/system/uploads/attachm...

Most recent data is £315,000 for the whole of London. Outer London is £276,000. In Croydon, for instance, it's £230,000. Still pretty rubbish, but probably ok if you're earning £40k and above, especially in combination with a partner's salary.

[disputin]

Most recent, but not recent - 2012 Q3 - add two years of 17% per annnum.

[Brakenshire]

The Outer London figures haven't changed much with the extra year of data: 2012 Q3 £275,000, Q4 £270,000, 2013 Q1 £266,500, Q2 £276,000, the Croydon figure went down by £8,000 over that period, so it's unlikely to be two years of 17% growth.

[disputin]

Agreed unlikely, but the point remains there have been considerable increases since £315,000, hence all the talk of bubble danger by BOE, politicians and investors, especially if you don't single out suburbs, and consider the data is incomplete, and old in a heated market.