New figures reveal London’s poorest boroughs show highest property price rises

The average cost of a London home has risen 13 per cent to £463,872, figures released by the Land Registry reveal.  

However, people who recently bought homes in some of London’s poorest boroughs have made bigger returns on their investments than buyers in the capital’s most glamorous districts. Newham in east London has seen prices soar by 21.4 per cent, while prime borough Kensington and Chelsea saw a growth rate of just 7.8 per cent - the slowest in the capital.

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