London Land Registry House Price Data Oct 2016 (most recent data) Jan 12, 2017
Prime Central London (PCL) Prices continue to fall based on the most recent data from the UK Land Registry.
- Kensington & Chelsea – 4.9%
- City of London – 8.8%
- City of Westminster -2.7%
Once again the Outer London boroughs have seen excellent growth. This is where more and more Londoners are heading to having been priced out of PCL.. Buying is still tricky for many trying to get on to the housing ladder so rentals are the only option and these often well connected locations offer cheaper options.
Outer London has also proved to be more attractive to investors for similar reasons: better value for money/cheaper and good tenant demand. The opening of the first Crossrail Stations in 2018 will also have a huge impact on these areas notwithstanding already any “pricing in.”
- Barking & Dagenham +18.2%
- Bexley +16.9%
- Croydon +14.5%
- Havering +17.6%
- Newham +17.1%
- Tower Hamlets +14.4%