South London property prices increase

Posted: 03 Jun 2008 13:06:00 GMT

London property south of the river is still appreciating in value, according to new research.

London property south of the river is still appreciating in value, according to new research.

A study by Hamptons has revealed that prices in SE1 have remained the most buoyant with a 4.6 per cent growth per square foot (PSF) in the last three months.

Camberwell (SE5) experienced a 3.9 per cent increase whilst Battersea (SW11) returned a 3.4 per cent growth.

Other areas in South London that have seen price increases were Wimbeldon (SW19), Crystal Palace (SE19) and Sydenham (SE26).

Some London locations, however, have shown an adjustment downwards from last year, with Chelsea (SW3) seeing the largest depreciation at 2.8 per cent.

Rob Bruce, research manager at Hamptons International, said: "The latest research reveals average prices in a number of London locations have corrected from the peaks seen in early 2007."

Buyers are still chasing property and Hamptons has revealed an average of 6.4 applicants per property on the London market.

Certain post codes remain sought after with Hampstead, Knightsbridge and Notting Hill attracting ten buyers per property.

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