Choose Bexley, Greenwich, Bromley & Lewisham boroughs for house price growth
The latest report from Land Registry has revealed the top 10 London boroughs where house prices are growing the fastest. Occupying four of the top ten slots were Bexley, Greenwich, Bromley and Lewisham - four boroughs where Robinson Jackson is a leading, active estate agent. This is amazing news for home owners in these areas considering there are 32 boroughs in Greater London and an appetite for moving home.
While Bexley, Greenwich, Bromley and Lewisham boroughs are all showing signs of rapid house price appreciation (annual growth of 14.9%, 15.6%, 16% and 16.4%, respectively), the property prices in these areas are still well below Rightmove's overall London average house price, which now tops £533,000. The average house price across Bexley, Greenwich, Bromley and Lewisham is £356,333, demonstrating there is affordability and plenty of room for more price growth. This news should give confidence to anyone thinking of selling their property.
The priority now is to choose an estate agent who can turn the rising levels of demand across these boroughs into spectacular sold prices for sellers. We think homeowners should start with a 'phone call to one of the branches within the Robinson Jackson Group. Our unrivalled reputation means our clients are completing on properties overjoyed that we have achieved more than the asking price. The demand for property in Bexley borough, for instance, is incredibly high, driven especially by our grammar school network, green open spaces and commuter routes. My Bexley branch is currently delivering double figure sales every month.
It's a picture being replicated across our branches in the Bexley, Greenwich, Bromley and Lewisham boroughs. Demand is being propelled by regeneration schemes in places like Woolwich and Orpington, by the prospect of Crossrail and by speculation that the Bakerloo Tube line will eventually encompass Catford, Lewisham and Sydenham. Of course, house prices in these boroughs represent great value for money and a large proportion of our buyers look to these boroughs after being squeezed out of areas such as Balham, Clapham, Dulwich, Hackney and Bow.
The Robinson Jackson Group has been invited into 4,000 homes so far this year to advise clients as to what their property could achieve in the current market. Almost every homeowner is surprised by just how much their property is now worth, especially in light of house price rises in the last 12 months. Every branch of Robinson Jackson is open until late, even on Sundays, so book your free no obligation valuation today.
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