Walthamstow and Leyton are outstripping Mayfair and Fulham for house price growth, new analysis has revealed.
Data from house price monitor Hometrack shows a booming east London property market surging past traditionally expensive areas.
Over the last eight years Walthamstow’s average house prices are up by 133 per cent, with Leyton not far behind with price growth of more than 128 per cent.
Homeowners in neighbouring Clapton have also seen their house prices also jump by 133 per cent since the depths of the recession in 2009.
Meanwhile in Mayfair, price growth is up a comparably modest 88 per cent, while Fulham prices rose 87.5 per cent in the same period.
Despite east London’s property boom, Hometrack believes there is London-wide slowing down of house prices since Brexit.
By the end of 2017, Hometrack forecasts “low single digit growth” with growth seen strongest in more affordable areas.
Hometrack’s insight director, Richard Donnell said: “House price growth is now slowing rapidly across London.
“The annual rate of growth is currently eight per cent year-on-year in the lowest value markets, while prices are falling by five per cent year on year in the most expensive markets.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel