Bexley and Barking & Dagenham are the last two London boroughs where average house prices are still below £300,000

House prices across every London borough have risen over the past year. Only two boroughs remain where the average cost of buying a home is still less than £300,000.
The average cost of buying a London home has risen by 9.2 per cent in the past year to £481,820, new figures released by the Land Registry reveal.
 
Based on transactions during the month of June, every London borough recorded house price growth over the previous 12 months.

Barking and Dagenham, in the east, is the most affordable borough, with homes costing an average of £278,604. Bexley, in the south-east of the capital, is the only other borough with average prices below £300,000.

The Olympic borough of Newham has once again recorded London's largest annual hike - 16 per cent - with average prices now reaching £306,386.
 
Meanwhile, the prime property hotspot of Kensington and Chelsea recorded the lowest growth over the 12 months to the end of June. Despite the minimal rise in annual growth of just 0.7 per cent, however, the Royal Borough is still the most expensive, with an average house price of almost £1.35 million.

READ MORE: FIND OUT THE AVERAGE HOUSE PRICES IN YOUR BOROUGH:



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