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House Prices May 2015

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House prices - London

- The latest data from the Land Registry show that average sold house prices in London rose by 11.3% in the year to March. This is lower than the previous month’s figure but nonetheless comfortably outstrips inflation.

- At borough level, annual house prices are still rising fastest in Newham (+19.8%) but Greenwich (+18.8%) now moves into second place. Price growth remains slowest in the core prime boroughs of Westminster (+9.9%) and Kensington & Chelsea (+5.2%).


House prices - National and regional

Land Registry data show that average house prices in England & Wales rose by 5.3% in the year to March, down on the previous month’s figure of 6.5%.

- Outside London, the South East (+10.1%) has overtaken the East as the region with the fastest rising house prices over the 12 months to March. In contrast, annual prices fell by 2.9% in the North East where the average house price is still below £100,000.

House Prices 2015, Chestertons Estate Agents

Oxford Street Article Details

Contributed by

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

Nick Barnes

Nick Barnes

St Magnus House

020 3040 8406