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.

1. LONDONPROPERTYPRICES
BOOMING
BYBOROUGH

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. 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. 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. WESTMINSTER 505%
£149k £900k
1995 avg. 2014 avg. New residential builds started
2,577
20.4Affordability

6. SOUTHWARK 426%
£89k £468k
1995 avg. 2014 avg. New residential builds started
1,874
9.7Affordability

7. HILLINGDON 240%
£85k £290k
1995 avg. 2014 avg. New residential builds started
1,583
7.6Affordability

8. NEWHAM 258%
£65k £233k
1995 avg. 2014 avg. New residential builds started
1,501
7.7Affordability

9. HAMMERSMITH
& FULHAM 484%
£118k £688k
1995 avg. 2014 avg. New residential builds started
1,293
16.3Affordability

10. LAMBETH 495%
£75k £449k
1995 avg. 2014 avg. New residential builds started
1,189
9.8Affordability

11. GREENWICH 286%
£75k £290k
1995 avg. 2014 avg. New residential builds started
1,147
8.3Affordability

12. BARNET 300%
£100k £401k
1995 avg. 2014 avg. New residential builds started
1,121
10.9Affordability

13. BRENT 387%
£73k £357k
1995 avg. 2014 avg. New residential builds started
957
11.6Affordability

14. LEWISHAM 335%
£74k £322k
1995 avg. 2014 avg. New residential builds started
911
8.0Affordability

15. HACKNEY 596%
£76k £526k
1995 avg. 2014 avg. New residential builds started
768
11.3Affordability

16. CROYDON 232%
£82k £273k
1995 avg. 2014 avg. New residential builds started
627
7.6Affordability

17. ISLINGTON 489%
£101k £595k
1995 avg. 2014 avg. New residential builds started
596
12.3Affordability

18. TOWER
HAMLETS 341%
£93k £412k
1995 avg. 2014 avg. New residential builds started
588
6.7Affordability

19. HAVERING 212%
£87k £271k
1995 avg. 2014 avg. New residential builds started
526
7.4Affordability

20. CAMDEN 499%
£120k £721k
1995 avg. 2014 avg. New residential builds started
478
15.3Affordability

21. KENSINGTON
& CHELSEA 526%
£189k £1,181k
1995 avg. 2014 avg. New residential builds started
451
32.4Affordability

22. SUTTON 239%
£81k £273k
1995 avg. 2014 avg. New residential builds started
381
8.6Affordability

23. EALING 323%
£87k £370k
1995 avg. 2014 avg. New residential builds started
362
11.1Affordability

24. HOUNSLOW 283%
£82k £315k
1995 avg. 2014 avg. New residential builds started
322
9.5Affordability

25. REDBRIDGE 276%
£85k £320k
1995 avg. 2014 avg. New residential builds started
322
8.8Affordability

26. BROMLEY 257%
£91k £324k
1995 avg. 2014 avg. New residential builds started
311
10.0Affordability

27. KINGSTON UPON
THAMES 306%
£89k £362k
1995 avg. 2014 avg. New residential builds started
266
11.9Affordability

28. BEXLEY 217%
£79k £249k
1995 avg. 2014 avg. New residential builds started
246
8.0Affordability

29. HARROW 269%
£89k £329k
1995 avg. 2014 avg. New residential builds started
193
12.0Affordability

30. HARINGEY 423%
£82k £428k
1995 avg. 2014 avg. New residential builds started
188
10.5Affordability

31. ENFIELD 238%
£82k £275k
1995 avg. 2014 avg. New residential builds started
185
9.4Affordability

32. 8.7Affordability
357%
£67k £306k
1995 avg. 2014 avg. New residential builds started
155
WALTHAM
FOREST

33. BARKING &
DAGENHAM 228%
£70k £231k
1995 avg. 2014 avg. New residential builds started
96
5.1Affordability

34. RICHMOND UPON
THAMES 363%
£116k £537k
1995 avg. 2014 avg. New residential builds started
81
15.0Affordability

35. MERTON 340%
£91k £400k
1995 avg. 2014 avg. New residential builds started
53
11.3Affordability

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.)
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