Prime London house prices: new report reveals London's top 10 boroughs

​The latest Land Registry figures reveal the top 10 most expensive boroughs to buy a home in London.
Lambeth has recorded the biggest annual rise in house prices of the top 10 prime boroughs, taking the average cost of buying a home in areas such as Streatham, Brixton, Vauxhall, Clapham and West Norwood, to £534,304.

For the second consecutive month, the east London borough of Hackney has seen the steepest monthly rise, with prices up by 2.1 per cent to just over £616,000.

However, as the Land Registry’s latest figures cover February, the pre-election market slowdown was still affecting the prime market, with sellers and buyers nervously awaiting news on the mansion tax proposal, had Labour won the election.

Starting from Lambeth in 10th position, we reveal the capital's top 10 prime boroughs...


“The election rattled the cage of the London market more than others, with the threat of mansion tax hanging over high-end buyers, who are already having to fork out more on stamp duty. Now we’re out of the woods, activity in the capital should start to flourish again," says Adrian Gill, director of Your Move and Reeds Rains estate agents.

Month-on-month house price growth dropped in seven out of 10 of London's most expensive property boroughs. Hackney, Islington and Kensington are the only three prime boroughs that recorded positive monthly growth..
 

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