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Research & insight article

Chrome October 2014 - House prices

House prices

The average house price now stands at £460,521.

Nick Barnes, Head of Research

Top 5 London Boroughs

  • 1. Lambeth 28.6%
  • 2. Waltham Forest 26.4%
  • 3. Lewisham 26.2%
  • 4. Southwark 26.0%
  • 5. Hammersmith & Fulham 24.6%

Stormy Cloudy Settled Fair Fine

Average annual sold prices in London also slowed in September but nonetheless remained punchy at 18.4%. The average house price now stands at £460,521. The less central, lower value boroughs continue to see the strongest price growth, with Lambeth (+28.6%) and Waltham Forest (+26.4%) leading the way. Nonetheless, in the prime Kensington & Chelsea borough prices rose by a not inconsiderable 15.2% over the same period.

NB comment: Average sold prices in the capital continue to defy logic – high double digit growth cannot be sustainable long term. It is usually the prime sector which experiences a slowdown first – but is also first to lead the subsequent upturn. Prime values are already slowing, so expect the wider market to follow by next year.

Read the full Chrome report by clicking on the link below.

London House Prices map

Oxford Street Article Details

Contributed by

Nick has more than 20 years’ experience within the property research arena.

Nick Barnes

Nick Barnes

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