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Camden house prices soar above rest of London

June 20, 2013

Recent research has revealed that house prices in Camden borough have soared by almost 12 per cent in the last year. This is the highest rise in the capital, with other boroughs lagging someway behind.

In Haringey, property prices increased by just over 8 per cent, while in Brent the figure was 3 per cent.

The figures were published by the Land Registry and show the average annual price rise across London is 6.2 per cent compared to a national figure of 0.7 per cent.

Property experts in the area believe that houses have performed better than flats with competition to secure a property high.

The figures come after new research carried out by Camden Council revealed an average family would need at least £70,000 “just to get by” in the borough.

“We have known for some time that Camden is a hot spot in terms of property investment,” says Stephanie Powell, manager at the Camden branch of lettings agent Edmund Cude. “We do have families who rent in the area before buying because they want to be chain free for when they find their dream home. This is good news for investors who can expect plenty of good quality tenants for their properties.”

 


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