What was the average price of a Greater London house in 2018?

Study for the Wits and Wagers Test. Utilize flashcards, multiple choice questions, and detailed explanations. Get ready to ace your exam!

The average price of a Greater London house in 2018 is reflected accurately in the option chosen, which is £478,853. This figure is consistent with reports from that period, indicating a continued increase in property prices in Greater London, influenced by a combination of factors such as demand, location desirability, and economic conditions at the time.

In 2018, the housing market in London was characterized by high demand and comparatively limited supply, leading to elevated average prices that exceeded those of previous years. The chosen average aligns well with the data released by various real estate analyses and government reports from that period.

Other figures listed do not accurately represent the average price during that year, as markets fluctuate significantly, and it is essential to reference the correct data sources to understand the true market conditions of any given time. The selected average provides a realistic snapshot of the real estate landscape in Greater London for 2018.

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