Latest Land Registry London borough analysis - June 2015

publication date: Jun 1, 2015

Latest Land Registry London borough analysis

London

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 ranging from properties between £250k-£300K to those above £1,000,000 (Although this only includes Kensington and Chelsea, with Westminster almost there!).

Download the full London borough price analysis

Average London house price brackets

Only 3 of the 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:-

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

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

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

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

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

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

Right now there are two levels of year on year increases in London house prices, these are:-

  • +15% to +19% eg Newham and Lewisham
  • Up to +15% eg Wandsworth and Haringey

Average growth rates since 2007/08 heights
Areas with growth below +25% are still considered ‘good value for money’ and there are still a few of those boroughs left in the capital.

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

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

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

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

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

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

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