London house prices: Hackney and Wandsworth amongst the boroughs with the most new 'million-pound postcodes'
9 years, 6 months ago

London house prices: Hackney and Wandsworth amongst the boroughs with the most new 'million-pound postcodes'

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The South London borough of Wandsworth has been revealed as the area with the most new million-pound postcodes, but the wider figures show that prices are rising across the city - with the traditionally working-class borough of Hackney having as many new super-expensive postcode areas as Kensington and Chelsea. Rapid gentrification in Hackney has meant that 2 per cent of its postcodes became million-pound postcodes for the first time this year, the same amount as Kensington and Chelsea. open image in gallery Ever-gentrifying Hackney had the same amount of new million-pound postcodes as Kensington and Chelsea However, these figures deal with the amount of postcodes passing the £1 million threshold for the first time - other boroughs beat Wandsworth by far in the total number of properties selling for such huge prices. pointed out that some areas of London remain relatively affordable - in Hounslow, the average house price is £326,000, with only 0.6 per cent of its postcodes becoming million-pound postcodes for the first time in the last year.

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