London property prices up by more than 40 percent since 2009

Written on 11 April 2014 by Alistair Boscawen in Property News, Sales Market


Research shows that house prices in the UK capital have risen by 41 percent since the worse days of the credit crunch.

London property prices have bounced back by over 40 percent in the last six years, new data demonstrates. Figures show that prices are also some 18 percent higher than the peak price recorded since the global crash.

In April 2009, property values hit their lowest point, but this latest research shows the recovery is well underway. Land Registry statistics shows Kensington and Chelsea are the best performers, with average prices up 76 per cent, from an average of £703,259 five years ago to £1,236,605.

For more information click on the source below:

Evening Standard

 

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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