Research carried out by Lloyd’s Bank has revealed that Camden Town is now the third best performer amongst London boroughs where average house prices have increased by over £400,000.
This research also reveals that over the past twenty years the gap in average house prices has widened significantly between London and the rest of England and Wales: in 1996 it was recorded at 47% but 2016 figures show it has climbed to a startling new high of 107%.
Lloyds says that London property prices are now nearly 12 times average earnings and the private housing stock in London is worth £1.27 trillion, amounting to a rise of 529%. While Kensington and Chelsea and Westminster still hold the crown as London’s most expensive boroughs, Camden’s continuing popularity as a place to live and work is reflected in the steady upward climb of its property prices.
At London Residential we are always happy to advise buyers on great investments in this area, so call us at our offices in Camden Town or Kentish Town.
The gap in average house prices between London and the rest of England and Wales has significantly widened over the past 20 years, new research shows.