14th April 2015
Croydon homes remain relatively affordable
Croydon is in mid-table when it comes to house prices in the capital according to figures released by the Land Registry.
It found the average price of a home in Croydon is £319,604, maintaining its status as among the most affordable of the 33 London boroughs.
The only cheaper boroughs are Barking & Dagenham (£271,701), Bexley (£285,633), Newham (£292,306), which actually saw the greatest price increase in the last year, Havering (£309,503) and neighbouring Sutton (£317,546). The average price of a home in Kensington & Chelsea is £1.31million.
The figures, based on the February 2015 Land Registry House Price Index, shows that house prices in Croydon increased by 15.5 per cent over the past 12 months, but actually fell by 0.1 per cent in the last month covered by the survey.
For the coverage of the survey in the Evening Standard’s Homes & Property section click here