Are London House Price Rises Slightly Slowing?

publication date: Nov 3, 2014
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

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Which London Boroughs are performing the best right now?

As the capital of the UK and a global financial powerhouse London's property market requires a seperate analysis to the rest of the country.

To find our what's happening in your London borough, take a look at our comprehensive breakdown:-

Download the full report for all London Boroughs

London boroughs potentially overheating:-

Lambeth, Lewisham and Waltham Forest
Year on Year growth between 26% and 29% in these boroughs would usually point to an overheating market however as growth has largely stayed the same as the previous month this could be an early sign of the London market slowing down.

Newsham, Merton, Ealing, Greenwich, Hackney and Camden
These boroughs are all performing very well and are experiencing year on year growth between 21% and 23%.

If you are contemplating entering the London property market then read my articles:-

Buying in an overheating market and First time buyers in London - what are your options?

Areas in London with the highest price rises since 2007/8
These areas have more than recovered from their 2007/8 heights and have actually experienced astonishing growth, although there are early signs that this growth is slowing in certain boroughs-

  • City of Westminster +59% versus height of the market
  • Kensington and Chelsea +60% (down from 64% last month)
  • Hammersmith and Fulham +59%

Download the full report for all London Boroughs

Are there any affordable areas left in London?
As we revealed last month all London Borough Prices are now above their 2007/2008 market heights, this does not mean that there aren't any affordable areas left for those who work and live in the capital:-

  • Barking and Dagenham - up +20% year on year, prices just +3% above 2007/8 height
  • Havering - up +14.5% year on year, with prices remaining +6% above the market high
  • Bexley - up 16% year on year, prices at +7% above their 2007/08 height
  • Newham - 23% up year on year, with prices also at just +8% above their market height

If you aren't having much luck finding a property in your favoured London area it's always a good idea to perouse other locations nearby, so do checkout our:-

Comprehensive London Borough Breakdown

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