Central London house prices fall while outer boroughs booms
Thu 25th August 2016, 5:03 pm
Figures released this month by the Office for National Statistics indicate house prices in central London boroughs have decreased, while the prices for London as a whole have risen.
Kensington and Chelsea and Hammersmith and Fulham were the two hardest-hit boroughs, where average prices decreased by 6.2% and 3.2% respectively.
This is in stark contrast to London as a whole, which has seen an increase of 12.6%. The rise is thanks to a number of east London boroughs, for example Newham has seen an average price increase of 21.4%.
Other commuter towns around London have seen significant price increases, Slough’s housing prices have increased by 24.6%, and prices in Luton have increased by 21.8%.
To find out how housing prices affect the policies of local authorities, book your place at Sitematch London where you can meet 25 London Boroughs.