London property prices leap 25.8% in 12 months

London
Wednesday 2 July 2014 at 12:40pm

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London property values have leapt by 25.8% annually, marking the highest growth rate for the capital since 1987. They have also broken through the £400,000 mark on average for the first time, according to Nationwide building society.

It means the typical price of a London property is more than double the average UK house price, at £400,404.

Prices in London now stand at 30% above their 2007 peak and the gap between values in the capital and the rest of the UK is "the widest it's ever been".

Here's a breakdown of the figures for each London borough (average house price, and percentage change).

Barking and Dagenham

£230,592, annual change 15%

Barnet

£422,150, annual change 17%

Bexley

£285,260, annual change 19%

Brent

£474,672, annual change 23%

Bromley

£349,157, annual change 20%

Camden

£843,456, annual change 36%

Croydon

£293,011, annual change 20%

Ealing

£463,869, annual change 18%

Enfield

£346,211, annual change 16%

Greenwich

£375,592, annual change 23%

Hackney

£593,637, annual change 27%

Hammersmith and Fulham

£760,144, annual change 27%

Haringey

£513,435, annual change 32%

Harrow

£367,839, annucal change 19%

Havering

£262,346, annual change 14%

Hillingdon

£338,445, annual change 14%

Hounslow

£396,943, annual change 21%

Islington

£701,030, annual change 23%

Kingston upon Thames

£432,515, annual change 21%

Lambeth

£556,679, annual change 37%

Lewisham

£408,911, annual change 28%

Merton

£461,094, annual change 26%

Newham

£325,413, annual change 22%

Redbridge

£322,821, annual change 19%

Richmond upon Thames

£557,493, annual change 23%

Southwark

£551,762, annual change 29%

Sutton

£308,442, annual change 14%

Tower Hamlets

£561,181, annual change 32%

Waltham Forest

£368,071, annual change 28%

Wandsworth

£632,700, annual change 27%

Westminster

£959,882, annual change 24%