Savills have recently broadcasted a 5-year forecast to predict London property prices over the next few years. 20 boroughs excepted to make the most growth are:
London Borough | Predicted prices to rise in the next 5 years (%) |
Westminster | 25.6% |
Kensington and Chelsea | 25.6% |
Hammersmith and Fulham | 23.7% |
Camden | 23.5% |
Islington | 23% |
Hackney | 21.9% |
Wandsworth | 21.9% |
Southwark | 21.5% |
Lambeth | 21.4% |
Richmond Upon Thames | 21.1% |
Haringey | 21.1% |
Brent | 20.8% |
Barnet | 20.7% |
Merton | 20.6% |
Harrow | 20.2% |
Ealing | 20.2% |
Lewisham | 20% |
Kingston Upon Thames | 19.8% |
Greenwich | 19.4% |
Hounslow | 19.4% |
The reasons why some of the boroughs above have been chosen is because:
- Kingston Upon Thames and Barnet have long been particularly popular with families, reflecting high prices down to high demand.
- Brent is a great borough as it is where Wembley Stadium and Wembley Area are.
- Richmond Upon Thames is home to some extremely affluent areas such as; Twickenham, Richmond and Kew.
- Wandworth has the lowest tax charge in the entire country, making it an affordable place in London to live.
- Hounslow has popular commuter suburbs such as; Chiswick and Brentford, making it a desired area.
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