London's 11 new £1m postcodes

18th September 2015

A report from Knight Frank has shown that 11 new London postcodes have passed into the £1m price bracket, becoming areas where 20% of property sales have been above £1m in at least one quarter since the start of 2014. Properties below £1m in Outer London grew by 21.3% in the two years to August 2015, compared with an increase of 17.5% on properties of the same value in Central London during the same period. Knight Frank says that it is lack of supply that is pushing up prices in areas such as Vauxhall as opposed to oft-cited foreign investment. Hammersmith, Maida Vale, Queen’s Park, East Finchley, Muswell Hill, Battersea, Vauxhall, Highbury, Kentish Town, Clerkenwell and Herne Hill are the 11 new £1m postcodes. 

The Independent (12/09/2015)