London region saw property grow in 2011
Posted on Thu, Jan 05, 2012 @ 10:14 AM
Up to November 2011 the Land Registry House Price Index showed that London was the only region to experience growth last year. Property prices increased by 1.4% with the average price now being £342,749.
Looking at the individual boroughs the top performers were City of Westminster 7.1%, Hammersmith and Fulham 6.5%, Kensington and Chelsea 5.8%.
Some boroughs experienced decreases on the property values, the winners in this category were Havering at -3.3.
Below are the full results as found in the Land Registry November Report
|
London borough
|
Annual change (%)
|
|
|
|
|
Barking and Dagenham
|
-2.2
|
|
Barnet
|
2.4
|
|
Bexley
|
-0.8
|
|
Brent
|
4.4
|
|
Bromley
|
0.3
|
|
Camden
|
2.6
|
|
City of London
|
n/a
|
|
City of Westminster
|
7.1
|
|
Croydon
|
-1.1
|
|
Ealing
|
1.5
|
|
Enfield
|
0.4
|
|
Greenwich
|
0.1
|
|
Hackney
|
3.1
|
|
Hammersmith and Fulham
|
6.5
|
|
Haringey
|
-0.4
|
|
Harrow
|
0.8
|
|
Havering
|
-3.3
|
|
Hillingdon
|
0.0
|
|
Hounslow
|
-0.2
|
|
Islington
|
5.6
|
|
Kensington and Chelsea
|
5.8
|
|
Kingston upon Thames
|
1.5
|
|
Lambeth
|
2.4
|
|
Lewisham
|
0.6
|
|
Merton
|
1.1
|
|
Newham
|
-0.3
|
|
Redbridge
|
-1.4
|
|
Richmond upon Thames
|
3.5
|
|
Southwark
|
0.9
|
|
Sutton
|
-2.4
|
|
Tower Hamlets
|
1.5
|
|
Waltham Forest
|
-0.7
|
|
Wandsworth
|
1.2
|
The trend looks encouraging, more boroughs with positive growth and higher percentage gains.
Will this continue?
I wonder what 2012 will bring