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Home Community Marginal rise for London house prices last month as North-South growth gap widens

Marginal rise for London house prices last month as North-South growth gap widens

by News Room
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At the other end of the scale, Hillingdon, the second largest and most westerly borough, saw a 1.3 per cent drop in house prices, to an average of £453,300, an annual fall that equates to £6,180. Here you’ll find Heathrow Airport, Brunei University and the towns of Ruislip and Uxbridge. The second biggest faller was the City of Westminster where house prices dropped 1.1 per cent to an average of £948,200. This inner London borough might be a tourist trap, but it’s suffered from the increased number of non-domiciles exiting the capital. The third-biggest faller was also the most expensive. In Kensington & Chelsea, the average property price is £1,147,200 but that’s a 0.8 per cent annual fall. Again, this can partly be explained by the dip in prime central London.

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