Haringey’s property prices rebound in September, while Camden’s fall again
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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.”
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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.”