House prices in the U.K.'s capital city are rising by £5 ($7.54) every hour on average, according to analysis by property experts.
Property consultants Surrenden Invest made the claim Monday, crediting statistics released by the U.K.'s Land Registry at the end of October.
The registry revealed that average property prices in London had increased by 9.6 percent annually to £499,997. Housing prices in London are more than double the national property average for England and Wales of £186,553. According to Surrenden Invest, this means that house prices in London are rising £5 every hour.