Which London boroughs saw the biggest 'Boris bounce'?

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.”

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