Search

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, 16:53
Samantha Smith outside the Travelodge

A young homeless family were left stranded after Havering Council’s credit card payment was declined at the hotel they were due to stay in.

Yesterday, 17:22
Left to right: Tracey Boanas, principal, Mr Jin Xiangjun, Ms Lin Lei and Christall Adams, year 3 subject leader

The Harris Academy Primary has welcomed two teachers from China to help pupils and staff raise standards in maths by using their world-class approach.

Yesterday, 15:18
Map of Havering from Google Maps

Havering celebrates its 50th birthday tomorrow with a party at the town hall.

Yesterday, 14:56
Paul Sewell is reopening his shop that was destroyed in October when a lorry smashed into it.

Pic of Paul Sewell

A fortunate florist has re-opened his shop five months after it was destroyed by a lorry.

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

Munch on a tasy three course dinner at The Refinery!

“Where to go for a drink near Great Portland Street?” was previously met with blank expressions and shrugs for those local to the area, not anymore, thanks to the opening of The Refinery at Regent’s Place, the eighth bar and restaurant from hugely-successful group Drake & Morgan.

Funky adidias iPhone cases up for grabs!

We’ve teamed up with adidas Originals to give away four iPhone 5/5s cases.

Digital Edition

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


Our trusted business finder