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Thursday, Oct 22, 2020

The parts of London where house prices are rising the fastest since lockdown

The parts of London where house prices are rising the fastest since lockdown

The London areas most popular with house-hunters have been revealed, with property prices in the city seeing huge increases.
Despite the coronavirus lockdown, prices are recording massive year-on-year increases, particularly in the most expensive boroughs.

Land Registry data, which tracks changes, found that every borough except four had seen increases.

The City of London saw a massive annual change, with an average property price of a whopping £899,831 - that’s 25% higher than this time last year.

Tower Hamlets and Kensington and Chelsea also saw big increases, with prices in both Borough’s 16.4% higher.

The figures also revealed that despite economic uncertainty following the lockdown, property in some boroughs is getting more expensive every month.

Southwark, Merton, Hounslow, Lewisham and Richmond upon Thames all reported monthly increases of more than 2%

City of London, Tower Hamlets and Kensington and Chelsea all saw increases of more than 3%.

But some boroughs saw slight decreases in prices compared to the same time last month.
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