London house prices: Hillingdon replaces Newham as the capital's fastest-growing borough

A new report reveals the 10 areas of the capital where house prices have risen most during the past year - and Hillingdon in west London has knocked the Olympic borough of Newham off the top spot.
The west London borough of Hillingdon has recorded the highest house price growth across the capital during the past 12 months, knocking the Olympic borough of Newham off the top spot.

According to the latest Land Registry figures, average house prices in Hillingdon have risen by 14.6 per cent to £348,000. 

The borough, home to Heathrow airport, remains the sixth cheapest for London home buyers and is attracting those priced out of districts such as Ealing and Hanwell.

Johnny Morris, head of research at Hamptons International, says: "While price growth in London as a whole has continued to cool this month, we're still seeing markets performing strongly in more affordable pockets of outer London and the commuter belt. Twelve of the 16 boroughs where price growth is in double figures are in outer London, with affordability constraints driving buyers to seek out cheaper options."

The Crossrail effect has also helped drive up Hillingdon prices, with the borough set to gain two stations along the high-speed rail route, significantly cutting journey times into the centre of London from West Drayton and Hayes & Harlington.

Meanwhile, homes in the north London borough of Enfield have experienced strong price growth, rising 13.9 per cent to just under £346,000.

REVEALED: the top 10 fastest-growing boroughs, starting with 10th position

It's not all doom and gloom for Newham home owners though - the borough's property values have increased by 13.5 per cent to almost £310,000, and it is still the third most-affordable area to buy a home in the capital.

The east London borough of Barking and Dagenham, and Bexley in the south-east, offer the cheapest homes and are the only two boroughs where average house prices remain under £300,000. 

London price growth has slowed overall, to an average of 8.3 per cent. The capital is no longer the fastest growing region in the UK - currently sitting second to the East of England. Covering an area from Hertfordshire to Norfolk, the East has seen prices rise by an average of 8.9 per cent over the past year.

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