0
LONDONPROPERTYPRICES
BOOMING
BYBOROUGH
228
300
217
387
257
499
505
232
323
238
286
596
484
423269
212
240
283
489
526
306
495
335
340
258
276
363
426
239
341
357...
201320122011201020092008200720062005200420032002200120001999199819971996
THE PROPERTY GAP:Difference between highest and lo...
WANDSWORTH 477%
£88k £507k
1995 avg. 2014 avg. New residential builds started
2,994
14.4Affordability
Affordability is calcu...
WESTMINSTER 505%
£149k £900k
1995 avg. 2014 avg. New residential builds started
2,577
20.4Affordability
SOUTHWARK 426%
£89k £468k
1995 avg. 2014 avg. New residential builds started
1,874
9.7Affordability
HILLINGDON 240%
£85k £290k
1995 avg. 2014 avg. New residential builds started
1,583
7.6Affordability
NEWHAM 258%
£65k £233k
1995 avg. 2014 avg. New residential builds started
1,501
7.7Affordability
HAMMERSMITH
& FULHAM 484%
£118k £688k
1995 avg. 2014 avg. New residential builds started
1,293
16.3Affordability
LAMBETH 495%
£75k £449k
1995 avg. 2014 avg. New residential builds started
1,189
9.8Affordability
GREENWICH 286%
£75k £290k
1995 avg. 2014 avg. New residential builds started
1,147
8.3Affordability
BARNET 300%
£100k £401k
1995 avg. 2014 avg. New residential builds started
1,121
10.9Affordability
BRENT 387%
£73k £357k
1995 avg. 2014 avg. New residential builds started
957
11.6Affordability
LEWISHAM 335%
£74k £322k
1995 avg. 2014 avg. New residential builds started
911
8.0Affordability
HACKNEY 596%
£76k £526k
1995 avg. 2014 avg. New residential builds started
768
11.3Affordability
CROYDON 232%
£82k £273k
1995 avg. 2014 avg. New residential builds started
627
7.6Affordability
ISLINGTON 489%
£101k £595k
1995 avg. 2014 avg. New residential builds started
596
12.3Affordability
TOWER
HAMLETS 341%
£93k £412k
1995 avg. 2014 avg. New residential builds started
588
6.7Affordability
HAVERING 212%
£87k £271k
1995 avg. 2014 avg. New residential builds started
526
7.4Affordability
CAMDEN 499%
£120k £721k
1995 avg. 2014 avg. New residential builds started
478
15.3Affordability
KENSINGTON
& CHELSEA 526%
£189k £1,181k
1995 avg. 2014 avg. New residential builds started
451
32.4Affordability
SUTTON 239%
£81k £273k
1995 avg. 2014 avg. New residential builds started
381
8.6Affordability
EALING 323%
£87k £370k
1995 avg. 2014 avg. New residential builds started
362
11.1Affordability
HOUNSLOW 283%
£82k £315k
1995 avg. 2014 avg. New residential builds started
322
9.5Affordability
REDBRIDGE 276%
£85k £320k
1995 avg. 2014 avg. New residential builds started
322
8.8Affordability
BROMLEY 257%
£91k £324k
1995 avg. 2014 avg. New residential builds started
311
10.0Affordability
KINGSTON UPON
THAMES 306%
£89k £362k
1995 avg. 2014 avg. New residential builds started
266
11.9Affordability
BEXLEY 217%
£79k £249k
1995 avg. 2014 avg. New residential builds started
246
8.0Affordability
HARROW 269%
£89k £329k
1995 avg. 2014 avg. New residential builds started
193
12.0Affordability
HARINGEY 423%
£82k £428k
1995 avg. 2014 avg. New residential builds started
188
10.5Affordability
ENFIELD 238%
£82k £275k
1995 avg. 2014 avg. New residential builds started
185
9.4Affordability
8.7Affordability
357%
£67k £306k
1995 avg. 2014 avg. New residential builds started
155
WALTHAM
FOREST
BARKING &
DAGENHAM 228%
£70k £231k
1995 avg. 2014 avg. New residential builds started
96
5.1Affordability
RICHMOND UPON
THAMES 363%
£116k £537k
1995 avg. 2014 avg. New residential builds started
81
15.0Affordability
MERTON 340%
£91k £400k
1995 avg. 2014 avg. New residential builds started
53
11.3Affordability
Data taken from the Land Registry, the London Developmet Database, and the Department for Communities and
Local Government...
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Booming London Property Prices By Borough

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London was never a particularly cheap place to live – in fact, Rightmove’s figures suggest that the average asking price of a property in London has risen by £80,000 since the start of 2014. As a result, prices are now at an all-time high, and only look set to rise in future.

However, as is to be expected, some boroughs are significantly more expensive than others, with some enjoying a meteoric rise in prices following different developments, ranging from infrastructure and transport links to foreign investment. To chart these changes, Delivery Quote Compare have collated data from the Land Registry, the London Development Database and the Department for Communities and Local Government to create this informative infographic: Booming London Property Prices by Borough.

London Property Prices by Borough
Click Image To View Full Infographic
The property gap has continued to widen over the last twenty years and the trend suggests that prices will only continue to skyrocket. According to Rightmove, 10 out of London’s 32 boroughs have experienced asking price rises of over 20%, with a 43% increase in Tower Hamlets alone. The streets of London may be paved with gold, and it looks to be glittering brighter than ever before. But if you’re looking to make your fortune in property, you’d better get in there quickly.

Some areas have experienced larger increases than others when it comes to property prices, but even supposed “cheaper” locales, like Newham, have surged by 258% – what would have cost around £65,000 in 1995 is now much closer to £240,000. Buying your first family home in the capital for less than £100,000 is unheard of nowadays – and it doesn’t take a genius to guess how the more upmarket boroughs have been affected.

The most expensive areas, such as Kensington and Chelsea, were already reassuringly costly in the mid-1990s, with a typical property setting a London dweller around £189,000. However, with a massive leap of 526% in price growth, any self-respecting would-be homeowner would now be looking at just over a cool million. Which is expensive – but great for a potential investor, if they can afford it!

What about the ordinary Londoner looking to buy? Is it still doable in this day and age, or will getting on that first rung of the London property ladder forever be a pipe dream?

It’s definitely possible, as the data shows – but it’s by no means easy. If you don’t want to live in a tiny box studio flat in Knightsbridge, there are a few options: East London would probably be your best starting point, with the cheapest areas being Barking and Dagenham, Newham, and Havering, which will set you back between £231,000 and £271,000 respectively. Yes, you read correctly – £200,000+ is now considered the bottom end of the market.

Published in: Real Estate
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  • Quite useful. Hoping for an updated version by the end of the Q1 2015. :)
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  • Alternatively if you would like to use any of these images or get them in high resolution please email: kevin@renderpositive.com
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  • Thanks to everyone who liked our presentation, for the full Infographic and blog post this was taken from please visit: http://www.deliveryquotecompare.com/news/london-properties-boom-borough/
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Transcript of "Booming London Property Prices By Borough"

  1. 1. LONDONPROPERTYPRICES BOOMING BYBOROUGH
  2. 2. 228 300 217 387 257 499 505 232 323 238 286 596 484 423269 212 240 283 489 526 306 495 335 340 258 276 363 426 239 341 357 477 Harrow Barnet Enfield Haringey Waltham Forest Redbridge Havering Barking & Dagenham Newham Hackney Tower Hamlets Islington Camden City of Westminster Kensington & Chelsea Hammersmith & Fulham Brent Hillingdon Ealing Hounslow Richmond upon Thames Wandsworth Lambeth Southwark Lewisham Greenwich Bexley Bromley CroydonSutton Kingston upon Thames Merton 258 Less than £250k £251k - £300k £301k - £350k £351k - £400k £401k - £450k £451k - £500k £501k - £550k £551k + Percentage increase in average price since January 1995 Current average property price: 228 300 217 387 257 499 505 232 323 238 286 596 484 423269 212 240 283 489 526 306 495 335 340 258 276 363 426 239 341 357 477 Harrow Barnet Enfield Haringey Waltham Forest Redbridge Havering Barking & Dagenham Newham Hackney Tower Hamlets Islington Camden City of Westminster Kensington & Chelsea Hammersmith & Fulham Brent Hillingdon Ealing Hounslow Richmond upon Thames Wandsworth Lambeth Southwark Lewisham Greenwich Bexley Bromley CroydonSutton Kingston upon Thames Merton 258 Less than £250k £251k - £300k £301k - £350k £351k - £400k £401k - £450k £451k - £500k £501k - £550k £551k + Percentage increase in average price since January 1995 Current average property price:
  3. 3. 201320122011201020092008200720062005200420032002200120001999199819971996 THE PROPERTY GAP:Difference between highest and lowest average prices across London The lowest average property price was £65k in Newham in 1995, still one of the most inexpensive places to live - although today you can expect to pay around £240k. Kensington & Chelsea saw the highest average price in 2014 at £1,301k. This area was still relatively expensive in 1995, with prices around £189k.
  4. 4. WANDSWORTH 477% £88k £507k 1995 avg. 2014 avg. New residential builds started 2,994 14.4Affordability Affordability is calculated as the median property price divided by the median earnings in a given area. For example, Kensington & Chelsea is the least affordable borough with property prices averaging 32 times that of average earnings! New residential builds indicate projects that have begun construction.
  5. 5. WESTMINSTER 505% £149k £900k 1995 avg. 2014 avg. New residential builds started 2,577 20.4Affordability
  6. 6. SOUTHWARK 426% £89k £468k 1995 avg. 2014 avg. New residential builds started 1,874 9.7Affordability
  7. 7. HILLINGDON 240% £85k £290k 1995 avg. 2014 avg. New residential builds started 1,583 7.6Affordability
  8. 8. NEWHAM 258% £65k £233k 1995 avg. 2014 avg. New residential builds started 1,501 7.7Affordability
  9. 9. HAMMERSMITH & FULHAM 484% £118k £688k 1995 avg. 2014 avg. New residential builds started 1,293 16.3Affordability
  10. 10. LAMBETH 495% £75k £449k 1995 avg. 2014 avg. New residential builds started 1,189 9.8Affordability
  11. 11. GREENWICH 286% £75k £290k 1995 avg. 2014 avg. New residential builds started 1,147 8.3Affordability
  12. 12. BARNET 300% £100k £401k 1995 avg. 2014 avg. New residential builds started 1,121 10.9Affordability
  13. 13. BRENT 387% £73k £357k 1995 avg. 2014 avg. New residential builds started 957 11.6Affordability
  14. 14. LEWISHAM 335% £74k £322k 1995 avg. 2014 avg. New residential builds started 911 8.0Affordability
  15. 15. HACKNEY 596% £76k £526k 1995 avg. 2014 avg. New residential builds started 768 11.3Affordability
  16. 16. CROYDON 232% £82k £273k 1995 avg. 2014 avg. New residential builds started 627 7.6Affordability
  17. 17. ISLINGTON 489% £101k £595k 1995 avg. 2014 avg. New residential builds started 596 12.3Affordability
  18. 18. TOWER HAMLETS 341% £93k £412k 1995 avg. 2014 avg. New residential builds started 588 6.7Affordability
  19. 19. HAVERING 212% £87k £271k 1995 avg. 2014 avg. New residential builds started 526 7.4Affordability
  20. 20. CAMDEN 499% £120k £721k 1995 avg. 2014 avg. New residential builds started 478 15.3Affordability
  21. 21. KENSINGTON & CHELSEA 526% £189k £1,181k 1995 avg. 2014 avg. New residential builds started 451 32.4Affordability
  22. 22. SUTTON 239% £81k £273k 1995 avg. 2014 avg. New residential builds started 381 8.6Affordability
  23. 23. EALING 323% £87k £370k 1995 avg. 2014 avg. New residential builds started 362 11.1Affordability
  24. 24. HOUNSLOW 283% £82k £315k 1995 avg. 2014 avg. New residential builds started 322 9.5Affordability
  25. 25. REDBRIDGE 276% £85k £320k 1995 avg. 2014 avg. New residential builds started 322 8.8Affordability
  26. 26. BROMLEY 257% £91k £324k 1995 avg. 2014 avg. New residential builds started 311 10.0Affordability
  27. 27. KINGSTON UPON THAMES 306% £89k £362k 1995 avg. 2014 avg. New residential builds started 266 11.9Affordability
  28. 28. BEXLEY 217% £79k £249k 1995 avg. 2014 avg. New residential builds started 246 8.0Affordability
  29. 29. HARROW 269% £89k £329k 1995 avg. 2014 avg. New residential builds started 193 12.0Affordability
  30. 30. HARINGEY 423% £82k £428k 1995 avg. 2014 avg. New residential builds started 188 10.5Affordability
  31. 31. ENFIELD 238% £82k £275k 1995 avg. 2014 avg. New residential builds started 185 9.4Affordability
  32. 32. 8.7Affordability 357% £67k £306k 1995 avg. 2014 avg. New residential builds started 155 WALTHAM FOREST
  33. 33. BARKING & DAGENHAM 228% £70k £231k 1995 avg. 2014 avg. New residential builds started 96 5.1Affordability
  34. 34. RICHMOND UPON THAMES 363% £116k £537k 1995 avg. 2014 avg. New residential builds started 81 15.0Affordability
  35. 35. MERTON 340% £91k £400k 1995 avg. 2014 avg. New residential builds started 53 11.3Affordability
  36. 36. Data taken from the Land Registry, the London Developmet Database, and the Department for Communities and Local Government. The affordability metric is calculated as the median of property sales (Land Registry) divided by the median of earn- ings (The Annual Survey of Hours and Earnings.) Brought to you by
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