Camden shows strong growth

 
Camden shows strong growth

Camden showed the largest property price growth in the capital over the past 12 months.

Research from CBRE shows house prices rose by 13.4 per cent in Camden, followed by 9.1 per cent in Hackney and seven per cent in Haringey.

The figures confirmed Kensington and Chelsea as the most expensive borough for another year with the highest average prices in the city.

In the outer borough regions, there was also strong performance, with Newham proving popular across a number of categories including affordability, employability and lifestyle choices.

Mark Collins, chairman of residential at CBRE UK, revealed the new figures show confidence in the capital is strong.

He added: “The London economy includes financial services, life sciences and many of the world’s best advisory firms.

“This diversity not only attracts people from all over the world to study and work here, but also creates a robust economy that stands strong throughout uncertainty and shock, and it is no surprise that the property market mirrors this resilience.”

The report highlighted the changes made across many areas of the city including the recent regeneration project in Barking, as well as future developments in Tower Hamlets, Newham and Greenwich.