Haringey’s property prices rebound in September, while Camden’s fall again
- Credit: PA Wire/Press Association Images
Haringey is the best performing borough for property value this month, with house prices rising 3.9 per cent from August’s figures.
The average asking price for a property in the borough is now £620,917, increased from £597,854 last month, according to data from property website Rightmove.
The figures for London as a whole have also seen a rise of 0.9 pc, with the boost attributed to the end of the summer holidays, and the approach of Christmas.
Nick Hougham, operations director of haart London said: “In the past few weeks there’s been a surge in prospective buyers registering with us, alongside more properties coming to market now that people are back from holiday and kids are back to school.
“September is a key month for those who definitely want to move by the end of the year to act.”
While Haringey prices may have seen an above average upturn this month, they are nearly 10 pc lower than their May peak of £689,472, although they are still a healthy 10.9 pc higher than this time last year.
Properties in neighbouring Camden may have crossed the £1 million line this year but have seen only a 4.2 pc annual increase, and have seen prices drop again for the fourth month in a row.
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Miles Shipside, Rightmove director and housing market analyst said: “London prices are set and under-pinned by the long-term structural mismatch between supply and demand.
“We are in a period of price re-adjustment in some London locations, both down and up depending on the ebb and flow of perceived value for money.”