Every month we track the performance of each of the 32 London boroughs to see:-
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.
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:-
Boroughs with average house prices from £400k to £600k:-
Boroughs with average house prices from £300k to £400k:-
Boroughs with average house prices from £250k to £300k:-
Average London growth rates
There are currently three levels of year on year increases in London house prices, which are:-
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:-
Areas which have increased +26% to +49% over the last seven years:-
Areas which have grown in excess of +50% since 2007/08:-
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