London house prices to rise by a quarter in five years

House prices in London will see prices rise by almost a quarter in the next five years, according to an estate agency today.

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Borough by borough annual price growth increase

Latest figures from the land registry show the annual growth in each borough in 2012 Credit: Savill's

Borough by borough, the rate of growth from January 2012- January 2013 differs:

Hackney - 20.4%

Waltham Forest - 18.3%

Wandsworth - 17.6%

Lambeth - 16.4%

Hammersmith & Fulham - 15.2%

Lewisham - 14.6%

Islington - 13.8%

Haringey - 13.3%

Southwark - 13.2%

Westminster - 13.1%

Kensington and Chelsea - 11.1%

Barking and Dagenham - 10.9%

Tower Hamlets - 10.7%

Merton - 10.6%

Greenwich - 10.1%

Bromley - 9.3%

Richmond - 9.0%

Ealing - 8.3%

Hounslow - 8.3%

Enfield - 8.1%

Barnet - 7.9%

Kingston - 7.7%

Bexley - 7.7%

Croydon - 7.6%

Brent - 7.6%

Redbridge - 7.6%

Hillingdon - 7.5%

Sutton - 6.9%

Havering - 6.3%

Harrow - 3.9%

Newham - 3.6%

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Buyers target suburban commuter zones

Buyers are targeting suburban commuter zones to get more for their money Credit: Dominic Lipinski/PA Wire

Property prices in central London will grow more than 23% over the next 5 years, however prime markets in commuter zones could exceed this growth as more people move out of central London.

The suburbs have become the first step for buyers looking to make the move out of the capital, according to estate agents Savill's. Getting more for their money, still having local conveniences on their doorsteps and good schools are a driver which encourages families to look further afield.