Each month we track the performance of each of the 32 London boroughs to establish:-
Out of the 32 London boroughs, these tend to fall into five brackets ranging from properties between £250k-£300K to those above £1,000,000.
Average London house price brackets
Just one of the London boroughs have average house prices of under £300k, which is traditionally considered the average price paid by a first time buyer in London. There are now more boroughs with prices over £1m than under £300k.
Boroughs with average house prices over £1m:-
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
Currently, there are three levels of year on year increases/decreases in London house prices and these are:-
Average growth rates since 2007/08 heights
Areas with growth lower than +25% are still considered ‘good value for money’ - there are still a few of those boroughs left in London.
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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