Ian Scott International

NEWS

Which London boroughs will see the biggest house price rises by 2020?

Use our interactive map to work out what your house will be worth in five years time, or how much it will cost you to get on the ladder in the capital

House prices in London will rise by 15.3pc by 2020, despite an overall slowdown in demand and transactions across the capital.

While this is good news for existing homeowners, for young workers and families, who are living with parents or renting, it continues to make even the outskirts of the city worryingly expensive to get on the property ladder.

As of September this year values are 46pc higher than they were at the peak of the last property boom in 2007, just before the global financial downturn and the housing market crash that followed, and 10pc higher than the year before.

The average sales price in the capital was £485,000 over the last 12 months to September and one in 12 transactions were over £1m. However, the overall average house price “hides significant differences between the boroughs,” the report finds.

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