Haringey prices rise as London records best growth since credit crunch
- Credit: PA Archive/Press Association Images
House prices in Haringey soared again this month as the capital enjoyed its biggest annual growth since the credit crunch.
The average price of a home in the borough is now £639,871, up by £42,237 from the £597,634 recorded back in March, while this time last year your average house would cost £588,564.
The jump in prices was replicated across London, with property website Rightmove revealing new seller asking prices had risen by 15.9 per cent over the last year – the highest figure since November 2007, when it recorded the rise at 19.6pc.
Miles Shipside, Rightmove director and housing market analyst, said: “With the annual rate of increase now running at nearly 16%, buyers in the capital considering purchasing an average property will see a price tag nearly £80,000 higher than this time last year.
“The last time they were going up at this rate was over six years ago, shortly before Lehman Brothers went under and the credit crunch really kicked in.”
You may also want to watch:
Shipside added: “The extra and welcome London property supply is failing to satisfy the high demand and with prices still increasing, buyers are not really seeing or feeling the benefit of the pick-up in new seller numbers.
“Agents are still reporting a demand that at present seems insatiable in some hotspot locations.”
- 1 Explore 8 of north London's prettiest streets
- 2 O2 Centre redevelopment: Decision draws on Camden planning guidance
- 3 'The Bell of Hampstead': New pub to take over Cork and Bottle site
- 4 Crouch End salesman who nursed mum runs marathon for Diabetes UK
- 5 'Family unit': 28 Church Row wins readers' favourite restaurant
- 6 'Survived the storm': West Hampstead's The Alliance Pub wins reader's poll
- 7 Anger as second audit into £23m 'Mary Celeste' office block is delayed
- 8 Discover Crouch End's very own cathedral
- 9 Christmas at Kenwood: 'Winter wonderland' primed for Hampstead Heath
- 10 Haringey Green Lanes flat fire sees 40 firefighters tackle blaze