Priced out of London? You may have heard about the capital’s sky-high house prices. Since January 2002 and January 2017, house prices in London have increased by 203%. Naturally, certain boroughs experienced higher levels of capital growth than others. We decided to see which areas have experienced the highest levels of capital growth. Thanks to Rightmove’s trendometeter, we could compare asking prices across all London boroughs in the past 15 years, from January 2002 to January 2017. Here are the 10 areas which topped the list.
Hackney: 376%
January 2002: £153,886
January 2017: £732,573
Islington: 289.6%
January 2002: £207,278
January 2017: £807,550
Kingston Upon Thames: 277.5%
January 2002: £164,655
January 2017: £621,638
Camden: 276.1%
January 2002: £297,322
January 2017: £1,118,218
Kensington and Chelsea: 268.9%
January 2002: £673,738
January 2017: £2,485,485
Southwark: 267%
January 2002: £186,464
January 2017: £684,410
Newham: 242.4%
January 2002: £124,701
January 2017: £426,971
Waltham Forest: 228.5%
January 2002: £144,634
January 2017: £475,186
Brent: 226.3%
January 2002: £175,652
January 2017: £573,189
Barnet: 224%
January 2002: £226,087
January 2017: £732,439
You can also find out which areas across the nation have experienced the highest levels of capital growth.
All data was gathered from Rightmove’s trendometer.
Written by Jenna Kamal
Sources
Disclaimer and Legals
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
The post 10 London Boroughs Which Experienced the Highest Capital Growth appeared first on Economoose.
No comments:
Post a Comment