East London boroughs have delivered the strongest long-term house price growth across the capital over the past decade according to new analysis from Foxtons.
The research, based on government data, shows London property values have increased by an average of around 1.3%–1.4% per year over the last 10 years, despite periods of market volatility.
However, performance has varied significantly at borough level, with more affordable areas in the east of the capital outperforming traditionally stronger prime markets.
Redbridge, Havering and Barking & Dagenham top the table, recording average annual growth of between 3.1% and 3.6% over the period. Bexley also posted strong gains at 3.1%, while Sutton and Waltham Forest followed with annual growth of 2.7%. Bromley, Greenwich, Lewisham and Enfield complete the top 10, all delivering steady long-term increases.
AFFORDABILITY SHIFT
Foxtons said the figures highlight how affordability and shifting buyer demand have driven stronger performance in outer boroughs, particularly as buyers prioritise value and lifestyle.
The data also points to continued resilience in the London market, with steady growth maintained despite macroeconomic pressures, including geopolitical uncertainty and fiscal changes.
POSITIVE GROWTH
James Stevenson, managing director of sales at Foxtons, says: “London has always been a long-term investment story. While year-on-year house price performance may fluctuate, it’s this long-term consistency that makes London one of the most resilient and attractive global property markets, notably during periods of global uncertainty.
“Havering, Bexley and Barking & Dagenham’s performance, in particular, highlights how demand, affordability and lifestyle factors continue to shape the market beyond the traditional prime areas of the capital and, we expect London house prices to continue to post positive growth over the coming years.”
