Chart of the week: The rise of the London housing market

House prices chart: London premium over southeast

This is a stark illustration of how London’s housing market is powering ahead of the UK. In the last decade or so, the gulf between the average price in Greater London and that in the South East has widened sharply.

A rapidly growing population and a resilient job market are partly responsible, but in recent years the growing influence of foreign investors, who have come to see London property as a safe haven, has been the key driver of the capital’s premium.

• Stay up to date with MoneyWeek: Follow us on TwitterFacebook and Google+

MoneyWeek magazine

Latest issue:

Magazine cover
A new lease of life?

The drugs transforming old age

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking