London house prices: The boroughs with the highest price hikes in the last decade - the top 10

Despite a recent contraction, the capital continues to record the highest average house price in the UK.
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The average price of a London home has shot up more in a particular north-east borough in percentage terms than anywhere else in the capital over the last decade, new analysis has revealed.

According to data compiled by retailer Swift Direct Blinds, house prices across London have increased significantly in the last 10 years.

This is despite the capital currently being in the midst of a contraction. Figures published by Halifax indicate that the average price in London, while continuing to be the highest in the UK (£524,057), has dropped by 4.6%, a greater decrease than the 3.2% recorded elsewhere.

Using data sourced from Rightmove, Swift Direct Blinds has drawn up a UK Property Index, which, among other details, includes the London boroughs which have seen the largest property price increases in the last decade.

But where are they, and how much have they risen by?

Figures published by Halifax indicate the average price of a home in London continues to be the highest in the UK, at £524,057. Credit: Susannah Ireland/AFP via Getty Images.Figures published by Halifax indicate the average price of a home in London continues to be the highest in the UK, at £524,057. Credit: Susannah Ireland/AFP via Getty Images.
Figures published by Halifax indicate the average price of a home in London continues to be the highest in the UK, at £524,057. Credit: Susannah Ireland/AFP via Getty Images.

What are the London boroughs with the biggest home price increases?

According to Swift Direct Blinds’ analysis, the follow boroughs have seen the biggest hikes to the average cost of homes between June 2013 and June 2023:

  1. Waltham Forest - 101.11% (£251,846 to £506,476)

  2. Barking and Dagenham - 101.07% (£172,652 to £347,148)

  3. Bexley - 88.24% (£210,388 to £396,025)

  4. Havering - 88.05% (£224,958 to £423,041)

  5. Newham - 86.69% (£224,762 to £419,603)

  6. Croydon - 75.02% (£324,713 to £410,784)

  7. Lewisham - 74.78% (£257,016 to £449,202)

  8. Haringey - 73.55% (£351,242 to £609,591)

  9. Merton - 73.08% (£340,065 to £588,569)

  10. Sutton - 72.96% (£250,480 to £433,241)

Waltham Forest was also named London's most 'desirable' borough, or in-demand, due to a combination of its high price increase and limited property availability.

Separate recent analysis by home decor company Home Stratosphere found that 13 of the 20 most unaffordable places to rent in England are in London.

While the most expensive place to rent was Kensington and Chelsea, with an average monthly cost of £2,500, the least affordable when considering a range of metrics was Westminster, according to Home Stratosphere’s workings.

Mayor Sadiq Khan has publicly called for the powers to introduce a rent freeze, in a bid to ease the pressures on the city's renters.