Average annual sold price growth slowing in London – from 18.6% in October to 17.4% in November.Nick Barnes, Head of Research
Top 5 boroughs
House prices – London
Latest available data from Land Registry show average annual sold price growth slowing in London – from 18.6% in October to 17.4% in November. Prices are rising fastest in Southwark (+27.2%) and Lambeth (+26.5%) and slowest in Redbridge (+12.4%) and Kensington & Chelsea (+13.1%).
NB comment: although slowing, price growth remains in double digit territory with the lower value boroughs seeing the strongest growth while the core prime areas have flattened or seen some decline in achieved values. The market is likely to see further slowing at least until the General Election while the pricing of properties coming to market may be influenced.
House prices – national & regional
London borough house price growth: 12 months to November 2014
Source: Land Registry