Increase in London's millionaire postcodes

Hamptons has revealed that the number of millionaire postcodes in London has risen again in 2022, with the average house price in nearly half of the capital's districts now over £1m. Analysis shows that 41% - or 113 - of the capital's 274 postcode districts are now £1m-plus areas, up from 24% a decade ago. The data shows how millionaire neighbourhoods are now spreading out from Zone 1, where the average house in every area has cost at least £1m since 2017, to new postcodes in Zones 3 to 6. New entrants this year in Zone 2 include Bethnal Green, where the average house price rose from £894,580 in 2021, to £1.03m in 2022. In the former dockland area of Wapping the average house has reached £1.09m, up from £972,840 in 2021. Hamptons' senior analyst David Fell, it is unlikely that many new neighbourhoods would join the seven-figure club next year, given the low expectations of price growth. 

London Evening Standard