House prices rise £153 a day

Data shows big­gest per­cent­age hike in Hilling­don

Harefield Gazette - - NEWS - by Goolis­tan Cooper goolis­tan.cooper@trin­i­tymir­ror.com

HOUSE prices in parts of west Lon­don are ris­ing at more than £150 a day, new fig­ures have re­vealed.

The new of­fi­cial house price in­dex re­vealed that in five bor­oughs in west Lon­don, the av­er­age prop­erty price had in­creased by more than £100 per day in the 12 months since April 2015.

The big­gest daily in­crease was seen in Eal­ing, where house prices have risen by 14% or by an av­er­age of £161 per day. Har­row is a frac­tion be­hind on £160 and in Brent and Hilling­don home­own­ers are see­ing their prop­er­ties rise in value by £153 a day. How­ever, Hilling­don saw the big­gest rise in the area over the past 12 months, with the av­er­age price in the bor­ough in­creas­ing more than 16%.

The in­dex also re­veals the most ex­pen­sive bor­ough to live in was Kens­ing­ton and Chelsea, where the cost of an av­er­age house was £1.3 mil­lion – though prop­er­ties only rose £63 per day in the Royal bor­ough. This com­pares to Burn­ley, the cheap­est area in buy a prop­erty in the UK, where an av­er­age house costs £73,000.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.