Search

Win a £100 Amazon voucher in this week’s Recorder

On sale July 3

House prices still rising in Havering despite London-wide drop

16:13 04 August 2014

Estate agents boards in London. Picture: Press Association

Estate agents boards in London. Picture: Press Association

PA Archive/Press Association Images

The London property market may be cooling, but new figures have revealed house prices in Havering are still on the rise.

The Halifax monthly index shows property prices have risen consistently in the borough over the last 12 months.

Hornchurch houses have risen the most, from an average of £302,361 in June last year, to £349,034 this June (14 per cent).

Upminster properties have risen from £463,831 to £494,642 (6.6pc) and Romford from £247,160 to £279,115 (11pc).

Martin Gibbon, group director of Balgores Property Group, with offices in all of the areas, said: “Prices are generally slowing down a little, but they are very buoyant and still ahead of average prices in the UK.

“This I believe is due to increased confidence in the economy, low levels of available stock and historically low interest rates.

Read more:

Harold Hill Council house, that launched Magaret Thatcher’s Right To Buy Scheme is sold for 20 times its original value

Havering house prices hit £275k average but still fourth-cheapest in London

Latest News Stories

Yesterday, 13:28
Councillor Mark Logan.

A judicial review will be held into Havering Council’s decision to tax severely disabled people.

Yesterday, 12:58
The winning team the Recorder Reprobates at the pub quiz for First Step

Readers have continued to rally around the Recorder’s Fundraise on the First campaign, raising a fantastic £25,556 so far.

Yesterday, 09:09
Missing: Shaheed Forde-Bryan (Picture: Met Police)

The family of a 14-year-old boy missing from Rainham is “growing increasingly concerned” for his welfare.

Yesterday, 08:51
A serco van. Picture: PA Steve Parsons

A Serco prison custody officer attacked inside Blackfriars Crown Court on Monday has died.

Most read news

News from your area

WW100

Click on the banner above for full coverage of the centenary commemorations of the outbreak of the First World War.

Competitions

Y6 pupils unpack the rice

A school challenged their pupils to become enterprising individuals as they took on the national 90kg Rice Challenge.

Good times with Greenall's!

Good times with Greenall’s, a Great British gin sponsors Great British racing.

Escape to the picturesque sights of Cornwall

Summer is finally here, and what is the number one holiday location in the UK during the warmer months? Cornwall, of course!

Digital Edition

Image
Read the Romford Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder