Hammersmith and Fulham house prices increased slightly in February

House prices increased slightly, by 0.6%, in Hammersmith and Fulham in February, new figures show.

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 1.2% annual growth.

The average Hammersmith and Fulham house price in February was £765,953, Land Registry figures show – a 0.6% increase on January.

Over the month, the picture was better than that across London, where prices decreased 1.1%, and Hammersmith and Fulham outperformed the 1% drop for the UK as a whole.

Over the last year, the average sale price of property in Hammersmith and Fulham rose by £9,100 – putting the area 25th among London’s 33 local authorities with price data for annual growth.

The best annual growth in the region was in City of London, where property prices increased on average by 13.4%, to £961,000. At the other end of the scale, properties in Westminster lost 8.8% of their value, giving an average price of £968,000.

Winners and Losers

Owners of detached houses saw the biggest improvement in property prices in Hammersmith and Fulham in February – they increased 1%, to £1,452,664 on average. Over the last year, prices rose by 3.5%.

Among other types of property:

First steps on the property ladder

First-time buyers in Hammersmith and Fulham spent an average of £664,900 on their property – £6,100 more than a year ago, and £37,100 more than in February 2018.

By comparison, former owner-occupiers paid £849,100 on average in February – 27.7% more than first-time buyers.

How do property prices in Hammersmith and Fulham compare?

Buyers paid 43.9% more than the average price in London (£532,000) in February for a property in Hammersmith and Fulham. Across London, property prices are high compared to those across the UK, where the average cost £288,000.

The most expensive properties in London were in Kensington and Chelsea – £1.3 million on average, and 1.7 times as much as more than in Hammersmith and Fulham. Kensington and Chelsea properties cost 3.8 times as much as homes in Barking and Dagenham (£345,000 average), at the other end of the scale.

The highest property prices across the UK were in 160.

Factfile

Average property price in February

• Hammersmith and Fulham: £765,953
• London:£532,212
• UK: £287,506

Annual growth to February

• Hammersmith and Fulham: +1.2%
• London: +2.9%
• UK: +5.5%

Best and worst annual growth in London

• City of London: +13.4%
• Westminster: -8.8%