Latest Land Registry London borough analysis

publication date: Mar 2, 2015
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

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Latest Land Registry London borough analysis


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?


Out of the 32 London boroughs, these tend to fall into five brackets, albeit one of those brackets includes only Kensington and Chelsea, which is the only borough with average house prices over £1m.

Download the full London borough price analysis


Average London house price brackets
Approximately 30% of London boroughs have average house prices of under £300k, which is traditionally the average price paid by a first time buyer in London.

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

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

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

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

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

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

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

  • Newham
  • Bexley
  • Barking and Dagenham

Download the full London borough price analysis


Average London growth rates

There are currently three levels of year on year increases in London house prices, which are:-

  • +20% eg Newham and Waltham Forest
  • +16% to +19% eg Lewisham and Barking and Dagenham
  • Up to +15% eg Brent and Merton

Due to oversupply and a fall in demand, the worst performer for house price growth year on year, is Kensington and Chelsea, which has grown by a mere +7% year on year, which is even lower than their long term annual growth rate.

Average growth rates since 2007/08 heights
There are three main growth rates we have seen since the last market peak in London. Although all boroughs have recovered well from the property recession, those below +25% growth can still be considered ‘good value for money’.

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

  • Hounslow
  • Greenwich
  • Bromley
  • Harrow
  • Hillingdon
  • Sutton
  • Enfield
  • Redbridge
  • Croydon
  • Newham
  • Bexley
  • Havering
  • Barking and Dagenham

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

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

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

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

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