19 Jan '17, 12pm

Home prices in some #London areas surge over 50% since 2008 #propertynews

Areas like Hackney and Peckham have become popular with first-time buyers looking to scale the property ladder. House prices in some of London’s once unfashionable areas have risen by over 50 percent since 2008, outpacing price growth in prime central London, reported Business Insider citing Knight Frank. Since 2008, eight of the top 10 performing postcodes for home price growth in London have been in the east or south east, with Herne Hill in South East London registering the fastest increase in prices – from £455,528 in Q1 2008 to £728,154 in Q2 2016 (or almost 60 percent), revealed Knight Frank data. In fact, none of the top 10 areas are considered by estate agents as traditionally “prime”, like Chelsea or Fulham. Other top performing areas in London include Homerton, Stoke Newington, Walthamstow, Brockley and Peckham. Completing the list are Clapton, Hackney, South Tot...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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