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  1. ITV Report

Outer London boroughs seeing highest annual house price growth

Central London recorded year on year house price inflation of 3% in the first quarter of this year but the capital's most expensive boroughs are being eclipsed by growth in large regional cities.

According to residential analysts Hometrack Newcastle, Sheffield, Manchester, Leeds and Glasgow registered the strongest pick-up in house price growth.

House prices in some of the capital's most valuable boroughs such as Kensington & Chelsea have decelerated Credit: Dominic Lipinski/PA Archive

House prices in some of the capital's most valuable boroughs such as Kensington & Chelsea and Hammersmith & Fulham (3.4% and 5.1%) have decelerated.

  • The average UK house price has grown by more than a fifth from its 2009 trough to £186,878, supported by a 59% increase in London
  • Newham (14.2%), Barking and Dagenham (12.5%), Greenwich (12.4%), and Croydon (12.1%) are registering the highest rates of annual house price growth
  • The average house price in Newham is now £275,887 - a third lower than the London average and approaching 50% higher than the UK average
  • Newcastle (2.7%), Sheffield (2.7%), Manchester (3.0%), Leeds (3.3%) and Glasgow (4.8%) had the strongest quarters compared with Belfast (-0.3%), Cambridge (-1.2%) and Aberdeen (-2.7% ) which posted small falls