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London house prices: The 13 London boroughs where house prices are skyrocketing


08-28-2020


New homes are popping up in these boroughs

By Hannah Kane


13 boroughs are seeing a rise in prices for new builds

London is definitely not a cheap place to call home, with buying a property setting you back an average of £653,965.

Buying a home in the capital can make your eyes water, so it's important to know where to move to.

There are some boroughs seeing a surge in house prices, with new build prices going up 40 per cent in some areas.


And as prices sky rocket, it's also a good indication of whether the area is up and coming.

Research from StripeHomes has listed the 13 London boroughs where the price of a new build home is on the rise.


Newham in East London tops the list with a 40 per cent jump since 2015, when the average was just £358,167. This has increased to £500,706 in 2020.

And it's not the only East London area seeing a rise, Barking and Dagenham and Redbridge follow, with jumps of 39 and 38 per cent respectively.

Croydon also saw a 31 per cent increase, from £277,067 in 2015 to £363,845 this year.

Hounslow and Enfield also make the list, with Haringey in the 13th spot.

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Here's the full list:

13. Haringey

2015: £411,642

2020: £513,701

12. Lambeth

2015: £445,756

2020: £564,596

11. Hackney

2015: £496,244

2020: £630,332

10. Hounslow

2015: £299,715

2020: £382,360

9. Enfield

2015: £295,389

2020: £377,485


8. Greenwich

2015: £323,253

2020: £424,281

7. Waltham Forest

2015: £357,760

2020: £469,757

6. Croydon

2015: £277,067

2020: £363,845

5. Havering

2015: £303,722

2020: £401,202

4. Bexley

2015: £253,766

2020: £338,367

3. Redbridge

2015: £408,469

2020: £564,458

2. Barking and Dagenham


2015: £285,936

2020: £398,191

1. Newham

2015: £358,167

2020: £500,706

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