What's the latest with the London boroughs?

publication date: Jun 29, 2015
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

Latest Land Registry London Borough Analysis...

Manor House

Every month we track the performance of each of the 32 London boroughs to see:-

  1. How are they performing this year versus last?
  2. Is the growth/decline more or less than the long term average?
  3. What and when was the highest house price growth ever?
  4. How much did prices fall during the last recession?
  5. Are current property values more or less than the 2007/08 peak?

Download the full London borough price analysis

Average London house price brackets

Only two London Boroughs have average house prices under £300k, whilst only one borough has an average price of over £1,000,000 (no prizes for guessing Kensington & Chelsea!)

Boroughs with average house prices from £600k to £1m:-

  • Richmond upon Thames
  • Hackney
  • Islington
  • Hammersmith and Fulham
  • Camden
  • City of Westminster

Boroughs with average house prices from £400k to £600k:-

  • Kingston upon Thames
  • Brent
  • Ealing
  • Barnet
  • Merton
  • Tower Hamlets
  • Haringey
  • Lambeth
  • Southwark
  • Wandsworth

Boroughs with average house prices from £300k to £400k:-

  • Newham
  • Havering
  • Sutton
  • Croydon
  • Hillingdon
  • Enfield
  • Redbridge
  • Waltham Forest
  • Greenwich
  • Hounslow
  • Harrow
  • Bromley
  • Lewisham

Boroughs with average house prices from £250k to £300k:-

  • Bexley
  • Barking and Dagenham

Download the full London borough price analysis

Average London growth rates

At the moment there are three levels of year on year increases in London house prices:

  • +15% to +18% eg Newham and Croydon
  • Between +10% and +15% eg Brent and Bromley
  • Up to +10% eg Wandsworth and Lambeth

Average growth rates since 2007/08 heights
Areas with growth below +25% are still considered ‘good value for money’ and there are still a few of those boroughs left in the capital.

Areas which have increased up to +25% in the last seven years:-

  • Newham
  • Croydon
  • Enfield
  • Sutton
  • Bexley
  • Harrow
  • Hillingdon
  • Barking & Dagenham
  • Hounslow
  • Redbridge
  • Havering

Areas which have increased +26% to +49% over the last seven years:-

  • Lewisham
  • Greenwich
  • Barnet
  • Brent
  • Bromley
  • Tower Hamlets
  • Ealing
  • Merton
  • Haringey
  • Kingston upon Thames
  • Waltham Forest
  • Richmond upon Thames
  • Wandsworth

Areas which have grown in excess of +50% since 2007/08:-

  • Hackney
  • Islington
  • Southwark
  • Lambeth
  • Camden
  • Kensington & Chelsea
  • Hammersmith & Fulham
  • City of Westminster

Keep any eye out for some more analysis of the London Market over the next couple of days. We've been going deeper into the the data to help you out!

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All our information is brought to you by Kate Faulkner OBE, author of Which? Property books and one of the UK's top property experts.
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