Newspaper article The Evening Standard (London, England)

NW London Wins House Price Lottery; SAME TOP FIVE AFTER A DECADE BUT EAST MAKES GAINS

Newspaper article The Evening Standard (London, England)

NW London Wins House Price Lottery; SAME TOP FIVE AFTER A DECADE BUT EAST MAKES GAINS

Article excerpt

Byline: MIRA BAR-HILLEL

THE winners and losers in the house prices lottery over the past 10 years are revealed in new research today.

It shows that north-west London has seen the biggest increases, while the south and east made the smallest gains.

Halifax researchers found a "remarkable stability" in the ranking of the boroughs by house price over a decade.

"The same boroughs are still appearing at the top and the bottom of the league table as in 1994", Halifax said.

Kensington & Chelsea, Westminster, Camden, Richmond and Hammersmith & Fulham were still the five most expensive boroughs.

Barking & Dagenham and Newham remain the least expensive boroughs, although prices in Newham have nearly quadrupled over the decade, with record increases in the past five years.

Halifax Chief Economist Martin Ellis said: "Boroughs in the north-west have typically experienced the biggest price gains over the past 10 years, partly reflecting the convenience and short commuting times that these areas offer. …

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