House prices rising £69 a day in “most affordable” Barking and Dagenham
PUBLISHED: 17:08 01 March 2017 | UPDATED: 17:08 01 March 2017
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House prices have risen £69 a day for five years – but the borough remains the most affordable in the capital.
Today’s research by Savills shows an average home in the capital has increased from £292,284 to £483,803 – despite salaries growing by just 54p a day.
In Barking and Dagenham, the average house price is £289,000.
Frances Clacy, analyst at Savills Residential Research said: “Over the past five years, Barking and Dagenham has been the third-best performing London borough in terms of house price growth.
“Even though house prices have increased on average by £69 each day for the last five years (the equivalent of 78pc over the period), the borough remains the most affordable in London.”
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