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London has seen a HUGE 58% increase in online searches for "London Apartments" - London TV

London has seen a HUGE 58% increase in online searches for “London Apartments”

by London-TV in Business

Interest in London property for first-time buyers is heavily rising, with London accounting for 12% of first-time buyers in the country during 2019.  

London based Estate Agents Douglas & Gordon have put together a helpful “Where To Buy Guide” detailing the most affordable boroughs in London, making it ideal for those looking to get on the property ladder.   

With first-time buyers currently paying zero stamp duty on the first £125,000 of any home and 2% on the next £125,000, it is an ideal time to purchase a property. 

High demand does not necessarily mean unaffordable prices, there is a range of properties across the London boroughs. 

Where to buy 2022: London Boroughs Ranked from Most to Least Affordable 

Borough 

Price 

Barking and Dagenham 

£317,700 

Bexley 

£377,200 

Newham 

£388,300 

Croydon 

£392,600 

Havering 

£397,800 

Greenwich 

£400,600 

Sutton 

£422,500 

Enfield 

£427,300 

Lewisham 

£432,300 

Hillingdon 

£438,300 

Hounslow 

£444,900 

Redbridge 

£453,900 

Tower Hamlets  

£468,100 

Waltham Forrest 

£468,800 

Ealing 

£498,900 

Bromley 

£501,100 

Southwark 

£501,800 

Harrow 

£501,900 

Brent 

£503,000 

Haringey 

£527,900 

Merton 

£533,100 

Lambeth 

£536,700 

Hackney 

£535,100 

Kingston upon Thames 

£547,900 

Barnet 

£566,500 

Islington  

£614,800 

Wandsworth 

£636,300 

City of London 

£710,800 

Hammersmith and Fulham 

£731,300 

Camden 

£737,300 

Richmond upon Thames 

£739,200 

Westminster 

£948,300 

Kensington and Chelsea 

£1,158,600 

Barking and Dagenham saw a 5.6% increase in prices from last year, while Bexley saw a 6% increase. 

Where to buy a house in London 

 Top five boroughs with the highest year-on-year price growth include:  

  1. Bromley 6.3% 

  1. Bexley 6% 

  1. Havering 5.9% 

  1. Barking & Dagenham 5.6% 

  1. Sutton 5.5% 

“Demand is always high and right now demand is far outstripping supply. However, prices are very different across the boroughs, which means there are plenty of opportunities to buy your first property, lock in a good deal on interest rates, work your way up the ladder within London.” Douglas & Gordon CEO James Evans