Property south of the river faring well
The value of property for sale in London may be sinking, but according to Hamptons areas south of the river are weathering the storm well.
Issuing its latest study into the affordability of London property, the Estate Agent found that eight out of the ten top performing postcodes can be found south of the River Thames.
Fashionable areas such as Camberwell (SE5) and Battersea (SW11) have reportedly seen the healthiest house price growth - returning 3.9 per cent and 3.4 per cent spikes respectively.
But even districts further afield have succeeded in bucking the current downturn, with Wimbledon (SW19), Crystal Palace (SE19) and Sydenham (SE26) all notching up two per cent growth or more.
Overall, however, Hamptons revealed that house price growth in the capital has screeched to a halt - reaching just 0.1 per cent over the last quarter - with most other reports suggesting it is already depreciating.
The average value of a home in London currently stands above the £400,000 mark, according to property website Rightmove.
Published 4th June, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Streatham town centre to be improved by BID?
Major improvements could be made to Streatham town centre thanks to a new business partnership.
Read Article ... Published on 25th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Olympic infrastructure 'to drive east London house market'
The infrastructure created by the Olympics will see the east London property market become more popular.
Read Article ... Published on 24th May, 2012
Barking Splash Park opens this weekend
Barking Splash Park will be free to use this weekend (May 25th-27th) to mark its opening.
Read Article ... Published on 24th May, 2012
Southwark estates to get cheaper energy bills
Residents in Southwark can look forward to cheaper energy bills thanks to the creation of a new underground green network.
Read Article ... Published on 23rd May, 2012
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
The value of property for sale in London may be sinking, but according to Hamptons areas south of the river are weathering the storm well.