SAB - the property specialists

Leading Cambridgeshire, hertfordshire
and London property specialists since 1959


October 22, 2013

London Prices Booming

According to Rightmove the average home in four of London's 32 boroughs now costs over £1m. Hammersmith & Fulham and Camden have joined Kensington & Chelsea and the City of Westminster with average prices of £1.09m and £1.01m respectively. Rightmove's figures also show that every London borough had an increase in asking price of at least 2.5% between September 8 and October 12. Average asking prices jumped 10.2% across London to £544,232, compared to a 2.8% rise across the country to £252,418. If house prices in the capital continue to grow at the rate of the past four months they would increase by more than 20% in a year.