Home Residential Property Which two London boroughs have the biggest house price rises? They're not the ones you expect

Which two London boroughs have the biggest house price rises? They're not the ones you expect

by Deleted Subscriber Content
11th Apr 14 10:58 am

South London seems to be the new sought-after area with prices in two London boroughs going up by nearly a third.

Prices in Lambeth climbed a whopping 31.5% last year to an average £551,662 in February, according to LSL Property Services.

Southwark was not far behind, soaring 24.8% to an average of £499,027.

Kensington and Chelsea, the areas traditionally associated with booming prices, saw a 19.1% rise, with prices averaging £1.8m.

The worst performer in London was Newham, where prices rose just 5.5% to £247,251, way below the average London rise of 13.3% and average house price of £522,499 and below still the UK average, which rose 7.2% to £262,291.

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