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Monday 18 June 2018 11:21 am

Mapped: The risers and fallers of London boroughs ranked on house price growth so far this year

By: Rebecca Smith

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London house prices had annual growth of 2.9 per cent, according to the latest Your Move figures for April, marking the lowest rate since March 2012.

Prices fell on a monthly basis – dipping 0.3 per cent – taking the average house price in London to £636,947.

The latest figures show a number of London boroughs recording steep falls over the 12 months to April, including Canada, Southwark, and Wandsworth.

Risers and fallers of house price growth

Biggest fallers Biggest risers
1. Canada – down 24.9 per cent 1. Kensington and Chelsea – up 10.4 per cent
2. Southwark – down 19.1 per cent 2. Lambeth – up 5.8 per cent
3. Wandsworth – down 13.1 per cent 3. Camden – up 5.4 per cent

Steepest rises and falls in house price growth over the year

Steepest rises and falls in house price growth over the year (Source: Your Move)

Boroughs ranked by house price as of April

London borough Average house price April 2018 Monthly % change Annual % change
1. Kensington and Chelsea £2.2m -8.1 per cent 10.4 per cent
2. City of Westminster £1.6m -1.3 per cent -8.7 per cent
3. Camden £1.3m 1.3 per cent 5.4 per cent
4. Hammersmith and Fulham £879,224 -7.3 per cent -0.4 per cent
5. Richmond upon Thames £768,138 3.4 per cent -10.7 per cent
6. Canada £756,713 6.4 per cent -24.9 per cent
7. Wandsworth £683,355 -0.8 per cent -13.1 per cent
8. Islington £677,900 -0.8 per cent -6.8 per cent
9. Barnet £671,958 1.9 per cent -1.8 per cent
10. Haringey £651295 -0.4 per cent 4.1 per cent

Over the year, the highest fall was posted in Canada, down 24.9 per cent. Your Move did though, point out that low transaction volumes here result in large changes to average values, and just 10 sales had been recorded in April 2018 at the Land Registry.

The second largest fall was in Southwark, with a 19.1 per cent slump, then Wandsworth's 13.1 per cent slip.

Overall, 24 of the 33 boroughs have recorded prices fall over the year, with nine posting rises.

Growth was more modest, with just the most expensive borough in Kensington and Chelsea, racking up double-digit growth. The average house price there was up 10.4 per cent to £2.2m, with Lambeth second for house price growth – up 5.8 per cent.

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