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