London house prices: Boroughs where average property prices have shot up in last


London is known for its soaring house prices and despite the pandemic, it’s showing no signs of slowing.

Data analysts at Rightmove looked at the top 10 boroughs in London where average asking prices increased in the last 12 months.

London saw a jump of between seven and 12 per cent and some experts are attributing it to buyers searching for green spaces.

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First on the list, West Norwood in Lambeth, saw the highest annual change with a 12 per cent increase.

The average asking price in February 2020 in the South London area went from £505,759 to a massive £564,601 in February 2021, making it the top price hotspot in the capital.

The second highest increase of 11 per cent was seen in the Royal Borough of Kensington and Chelsea.

Found deep in the heart of leafy West London, Chelsea had its average asking price go up from £1,847,976 in February 2020 to £2,045,346 in February 2021.

A breakdown of the London boroughs where asking prices increased in the last 12 months

Purley in Croydon jumped up by nine percent, taking the asking price from £414,320 to £447,213.

Lewisham saw two areas in its borough increase their asking prices, with Catford going up by eight percent and Sydenham seeing its average asking price rise by seven percent taking it from £464,527 to £496,604.

Other London areas including Chislehurst in Bromley, Richmond, Merton in Mitcham and Harlesden in Brent saw prices rise by seven percent.

As the housing market has remained open during the national lockdown, anyone looking for a property can proceed as per the government guidance.

For those looking to sell in London, if the data from last year is anything to go by, it appears that sellers could reap great rewards.





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