Barking and Dagenham drops in cheapest property rankings
PUBLISHED: 07:00 29 February 2016
PA Wire/Press Association Images
Residents can no longer claim to live in the capital’s cheapest properties.
Until this month, Barking and Dagenham boasted the lowest average house prices in London. But record growth over the past year means average house prices have risen 14.5 per cent to £319,916.
This is £800 more than Bexley, which has now pipped the borough to the post.
The latest Land Registry figures report price growth across the capital, with the most affordable areas having the highest rises. Out of the 33 boroughs, only 11 still have average prices of under £400,000, with more than half of these in the top 10 fastest-rising boroughs.
Hillingdon, in west London, is the top performing borough, rising 15.5 per cent to £383,960 – believed to be due to the Crossrail effect.
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