Which London boroughs saw the biggest 'Boris bounce'?
- 28th February 2020
- Selling Property News
Prices have risen in the capital by 2.3%
The Conservative Party’s victory in the General Election has led to an increase in house prices, in what some have called the ‘Boris Bounce’. Which of London’s boroughs have seen the biggest rises?
According to ONS data, Brent saw the largest increase in prices with a 5.9% rise. This is followed by Hounslow (4.4%). In third place is Tower Hamlets, which covers Canary Wharf and the Docklands (4.3%). Greenwich (3.6%) and Enfield (3.6%) complete the top 5.
Overall, house prices in London have increased by 2.3% on an annual basis in December.
The growth has largely been attributed to the certainty afforded by the General Election. Increased confidence means that buyers are now returning to the market.
Sellers, who had also been reluctant to put their properties on sale whilst there was so much political uncertainty have now started marketing. Extra liquidity is good news for everyone.
Stephen Ludlow, Chairman at ludlowthompson says: “After quite a long period of uncertainty, the General Election has restored confidence to the market."
“Property owners who had been delaying putting their house on the market can be reassured that the so-called Brexit ‘deep-freeze’ is a thing of the past.”
“It’s no surprise to see prices rising in the likes of Tower Hamlets and Greenwich, both of which have become hotspots for new buyers in recent years.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews. Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Max L via Google Reviews:
“Exchanged on our house (selling) today. Alex was helpful beyond expectations, would recommend ludlowthompson without hesitation…the team’s responsiveness and knowledge of the process made a big difference when we hit challenges.”
Zipporah K via Google Reviews:
“Just sold my property through ludlowthompson in Finsbury Park. The team were very helpful very professional throughout the process. I will highly recommend them to friends and family”
After quite a long period of uncertainty, the General Election has restored confidence to the market
FREE & INSTANT PROPERTY VALUATION
IN JUST 60 SECONDS