How were the London Boroughs performing at the turn of the year?

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

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The average house price in Greater London for December 2014 was £464,936, however, although this sounds like a lot of money it's a statistic that you shouldn't attach too much importance to when carrying out propertty projects as some areas average well over £1,000,000 which skews the numbers a bit.

Download the full London data set

The latest data from the Land Registry Shows:

Highest Rises for December 2014 vs 2013 were:

  • Waltham Forest + 25.1% Year on Year (YoY)

  • Newham + 24.2% YoY

  • Southwark + 23.8% YoY

Generally speaking these London boroughs are performing really well, although if you are looking to make a move here you need to be wary of not throwing away more money than necessary in an overheating market.

Download the full London data set

Lowest Rises for December 2014 vs 2013 were:

  • City of Westminster + 14.2% YoY

  • Redbridge + 11.8% YoY

  • Kensington & Chelsea + 11.5% YoY

Although these London boroughs have experienced the lowest rises it doesn't mean they are perfroming badly, just not quite as well as some other boroughs.

Download the full London data set

Which boroughs have the lowest average prices?

  • Bexley - £279,061

  • Newham - £291,856

We all here about the enormous prices of some poperties in London but there are still some relatively affordable areas left with Newham and Bexley prices averaging well under £300,000. Obviously this is still a lot of money but not as extremely expenisve as London prices are often made out to be.

Download the full London data set

Read my predictions for 2015 - Will London prices thrive or dive?

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