Camden’s house prices soar above rest of capital
- Credit: PA Wire/Press Association Images
House prices in Camden borough have soared by almost 12 per cent in the last year – the highest rise in the capital. In Haringey, property prices increased by just over 8pc, while in Brent the figure was 3pc.
The figures were published by the Land Registry and show the average annual price rise across London is 6.2pc compared to a national figure of 0.7pc.
Chris Underhill, partner at Highgate estate agents Prickett and Ellis Underhill, said: “We haven’t seen increases quite that high, but the housing market has seen a 5pc rise through the recession.
“Houses have performed better than flats but the turnover of properties in the Highgate area has dropped by 75 per cent so there’s less availability.’’
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.