The eight London boroughs where house prices have more than TRIPLED in the last 15 years

Published on: June 19, 2018

Eight London boroughs have seen house price rises of more than 300 per cent
House prices in Waltham Forest, Hackney and Southwark have risen dramatically
Other areas in Southend-on-Sea and Bristol have seen sharp rises since 2000

By Zoie O’brien For Mailonline

Published: 20:11 BST, 19 June 2018 | Updated: 20:11 BST, 19 June 2018

Where are the top eight boroughs for property growth in London?

Waltham Forest – 364 per cent

Hackney – 339 per cent

Lewisham – 332 per cent

Southwark – 326 per cent

City of Westminster – 319 per cent

Newham – 318 per cent

Barking and Dagenham – 309 per cent

Haringey – 308 per cent

Outside of London

Southend-On-Sea – 290 per cent

Bristol – 280 per cent

London has seen a huge jump in house prices which has seen the worth of homes in eight boroughs rise by more than 300 per cent in under two decades.

Since the turn of the millennium house prices have shot up in London boroughs, some which were not considered desirable at all, just two decades ago.

These include Waltham Forest where prices have risen 364 per cent and Hackney where homes are now 339 per cent more expensive.

Property prices also jumped in Lewisham, Southwark and the City of Westminster over the same period.

HouseSimple research showed the jump was not just occurring in the capital.

Southend-on-Sea, in Essex also saw a jump, as did Bristol.

House prices have risen by more than 300 per cent in eight London boroughs since 2000

House prices have risen by more than 300 per cent in eight London boroughs since 2000

Sam Mitchell, the chief executive of HouseSimple.com, told: ‘During this period, London property prices stabilised thanks to an inflow of foreign investment, and then started to rise again 18 months after the height of the Credit Crunch. However, that wasn’t the case across large swathes of the country, where the recovery process was far more protracted.’

He added: ‘Today, the property price growth picture is entirely different. As London’s property market shows signs of running out of steam, we are seeing strong growth in the north of England. Eighteen years from now, the UK’s property hotspot landscape could well look entirely different.’