Liquid error: wrong number of arguments (2 for 1) New report highlights the 10 cheapest London boroughs to buy a home | Marsh & Parsons Sales and Lettings Estate Agents London

Blogs, Press & Media

New report highlights the 10 cheapest London boroughs to buy a home

Wed 30 Mar 2016

Despite emerging as one of south-east London's fastest-growing property hotspots, the average price of a home
in Bexley is more than 200,000 cheaper than the London average, according to a Land Registry report.

The new figures, which are for sales that have been completed and registered during February this year, show
annual growth of 13.5 per cent has pushed the average cost of buying in London to more than 530,000.
By contrast, average prices in Bexley, London's most affordable borough, stand at just 323,000. The leafy
borough, at the south-eastern edge of London, is increasingly popular with young families priced out of more
central locations.

At the end of 2015, Bexley emerged as London's hottest property market , with prices in little-known St Mary's
Village - sometimes known as old Bexley - soaring by 31 per cent in a year.

Barking & Dagenham is the next cheapest borough for homebuyers, followed by Newham, in east London.
In England and Wales, average house prices have fallen slightly since January to 190,000.

David Brown, head of Marsh & Parsons, says "the overall monthly dip in property prices in February disguises the
fact that the majority of regions are experiencing striking growth. In the capital, annual growth has climbed to
comfortably double the wider England and Wales average."

The west London borough of Hillingdon, one of the Crossrail areas set to benefit most when the Elizabeth line
opens in 2018/2019 , has had the highest annual price increase of 17.1 per cent, taking the average price of
buying a property in areas such as Hayes, Uxbridge and West Drayton to 390,000.

Contact our office

Close

Contact our Lettings team

Close

Contact our Selling team

Close

Contact our About us team

Close

Contact our Corporate Services team

Close

Contact our International team

Close

Contact our Land and New Homes team

Close

Contact our Professional Valuations team

Close

Contact our Professional Services team

Close

Contact our Property Management team

Close

Contact our Riverside Properties team

Close

Contact our Career team

Close

Contact our office

Close

Request a viewing

Close

 

Close

Share this with a friend

Close