INDUSTRY CHATTER

It’s all about London’s South East… Apparently…

12 January 2018

house price growth in London

According to a recent article in the Financial Times, property prices in Brixton have risen 76% in five years and are still going up. This is based on Savills research, which also states that prices are still rising. Values rose a healthy 3.5 per cent in the past year while prices in prime central London conversely dropped by about 7 per cent.

Couple this with Knight Frank’s recent research, recorded in Homes & Property, which found that property prices in Dulwich had grown a record 863% over two decades (outpacing every other area in the country) and that house prices in nearby Hackney and Peckham have jumped over 50% since 2008, and the investment potential of this south east London enclave becomes clear.

Knight Frank’s research shows that eight of the top 10 performing postcodes for house price growth in London since 2008 are in the east or south east of the capital. The very fastest price jumps are in fashionable Herne Hill, south east London. Average house prices here have leapt almost 60% since their pre-crisis peak and have been matched by significant investments in local infrastructure, services, shops and restaurants.

The Financial Times tips the trendy Poet’s Corner — a cluster of Victorian streets named after Milton, Chaucer and Spenser in between Herne Hill and Brixton — as a property hotspot with flats selling for more than £500,000 and well turned-out houses up to three times that much.

Paul Humphrey’s Head of Knight Frank Dulwich Village, is quoted in Business Insider explaining that “It is no surprise to us that Herne Hill tops the list of best performers in the capital, especially given the wider context of the recent transformation of south-east London.

“Demand for prime London property has dispersed over the last few years and this ‘ripple effect’ has meant that families looking for green, open spaces, large houses, good transport links and excellent schooling have flocked to the Dulwich area, and specifically Herne Hill.”

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According to a recent article in the Financial Times, property prices in Brixton have risen 76% in five years and are still going up. This is based on Savills research, which also states that prices are still rising. Values rose a healthy 3.5 per cent in the past year while prices in prime central London conversely dropped by about 7 per cent.

Couple this with Knight Frank’s recent research, recorded in Homes & Property, which found that property prices in Dulwich had grown a record 863% over two decades (outpacing every other area in the country) and that house prices in nearby Hackney and Peckham have jumped over 50% since 2008, and the investment potential of this south east London enclave becomes clear.

Knight Frank’s research shows that eight of the top 10 performing postcodes for house price growth in London since 2008 are in the east or south east of the capital. The very fastest price jumps are in fashionable Herne Hill, south east London. Average house prices here have leapt almost 60% since their pre-crisis peak and have been matched by significant investments in local infrastructure, services, shops and restaurants.

The Financial Times tips the trendy Poet’s Corner — a cluster of Victorian streets named after Milton, Chaucer and Spenser in between Herne Hill and Brixton — as a property hotspot with flats selling for more than £500,000 and well turned-out houses up to three times that much.

Paul Humphrey’s Head of Knight Frank Dulwich Village, is quoted in Business Insider explaining that “It is no surprise to us that Herne Hill tops the list of best performers in the capital, especially given the wider context of the recent transformation of south-east London.

“Demand for prime London property has dispersed over the last few years and this ‘ripple effect’ has meant that families looking for green, open spaces, large houses, good transport links and excellent schooling have flocked to the Dulwich area, and specifically Herne Hill.”

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house price growth in London

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