Hot 100 2018 - Best performing boroughs

 

We define performance in these lists as highest rental and house price growth, as well as absolute prices. House price growth has softened over the year. Last year Camden had the highest growth at 13%, this year growth in the top performing borough was lower at 7% (Islington). The ten highest priced boroughs remain the same as last year, although Hackney and Haringey have swapped places at 9 and 10.

For the fourth year running, the City of London, Kensington and Chelsea, and Westminster remain the boroughs with the highest rents, all in excess of £3,000 pcm. These three boroughs also have among the highest rental growth, albeit alongside Haringey with 7% growth.

Table 1: Average rent pcm
Rank Borough £
1 City of London £3,707
2 Kensington and Chelsea £3,554
3 Westminster £3,518
4 Camden £2,679
5 Hammersmith and Fulham £2,300
6 Lambeth £2,185
7 Tower Hamlets £2,173
8 Islington £2,082
9 Hackney £2,065
10 Wandsworth £2,014

 

 

Table 2: Average house price

Rank

Borough £
1 Kensington and Chelsea  £1,349,791
2 Westminster  £957,062
3 Camden  £846,663
4 City of London  £761,722
5 Hammersmith and Fulham £734,254
6 Richmond upon Thames £688,578
7 Islington £680,810
8 Wandsworth £610,048
9 Hackney £583,331
10  Haringey £550,415

 

Table 3: Rental growth
Rank Borough %
1 Haringey 7.0%
1= Kensington and Chelsea 7.0%
3 City of London 6.9%
4 Westminster 6.1%
5 Hammersmith and Fulham 5.7%
6 Tower Hamlets 5.1%
7 Lambeth 4.9%
7= Barnet 4.9%
9 Hounslow 4.4%
10 Wandsworth 3.9%

 

Table 4: House price growth
Rank Borough %
1 Islington 7.0%
2 Redbridge 5.7%
2= Richmond upon Thames 5.7%
4 Southwark 5.6%
5 Merton 5.4%
6 Newham 5.0%
7 Ealing 4.5%
7= Brent 4.5%
7= Hackney 4.5%
10 Kingston upon Thames 4.2%

Source: Rightmove, Land Registry