Camden house price growth is the fastest in Britain
- Credit: PA Wire/Press Association Images
Camden house prices have seen the strongest growth in the country this quarter with a 42 per cent increase in average prices compared to 2013 figures.
This is compared to the UK as a whole, where the value of a typical home fell in September for the first time in 17 months, according to figures from mortgage lender Nationwide’s latest house price index.
The 0.2 pc national decrease this month knocked nearly £1,000 off average house prices in the country.
In contrast, regional variations mean that London saw annual price growth rise 21 pc.
Robert Gardner, Nationwide’s chief economist, said: “London did see a slight softening in the annual pace of price growth – from 25.8 pc in Q2 to 21 pc. Prices in the capital are now 31 pc above their 2007 peak, with the price of a typical London property just above £400,000.”
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The report sets average Camden house prices well above that at £884,103.
The extent of this year’s growth can be seen when compared with last year’s average Camden price in Q3 of £627,054.
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The annual percentage change in Q3 last year was 10 pc, which is 32 pc lower than the 2014 figure.