Hillingdon house prices increased slightly in January
House prices increased slightly, by 0.9%, in Hillingdon in January, new figures show.
The boost contributes to the longer-term trend, which has seen property prices in the area achieve 2.7% annual growth.
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Hide AdThe average Hillingdon house price in January was £438,813, Land Registry figures show – a 0.9% increase on December.
Over the month, the picture was better than that across London, where prices decreased 1.8%, and Hillingdon outperformed the 0.4% rise for the UK as a whole.
Over the last year, the average sale price of property in Hillingdon rose by £12,000 – putting the area 22nd among London’s 33 local authorities with price data for annual growth.
The best annual growth in the region was in Islington, where property prices increased on average by 13.4%, to £760,000. At the other end of the scale, properties in Tower Hamlets lost 5.1% of their value, giving an average price of £438,000.
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Hide AdWinners and Losers
Owners of terraced houses saw the biggest improvement in property prices in Hillingdon in January – they increased 1.1%, to £423,715 on average. Over the last year, prices rose by 2.1%.
Among other types of property:
Detached: up 0.3% monthly; up 4.8% annually; £880,844 averageSemi-detached: up 0.9% monthly; up 3.5% annually; £552,905 averageFlats: up 1% monthly; up 1.3% annually; £279,241 average
First steps on the property ladder
First-time buyers in Hillingdon spent an average of £363,800 on their property – £8,400 more than a year ago, and £18,800 more than in January 2017.
By comparison, former owner-occupiers paid £513,000 on average in January – 41% more than first-time buyers.
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Hide AdHow do property prices in Hillingdon compare?
Buyers paid 14% less than the average price in London (£510,000) in January for a property in Hillingdon. Across London, property prices are lower than those across the UK, where the average cost £274,000.
The most expensive properties in London were in Kensington and Chelsea – £1.4 million on average, and 3.2 times as much as more than in Hillingdon. Kensington and Chelsea properties cost 4.1 times as much as homes in Barking and Dagenham (£346,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea.
Factfile
Average property price in January
Hillingdon: £438,813London:£510,102UK: £273,762
Annual growth to January
Hillingdon: +2.7%London: +2.2%UK: +9.6%
Best and worst annual growth in London
Islington: +13.4%Tower Hamlets: -5.1%