Newham on the rise

8th May 2015

A new survey has found that the borough of Newham has seen the steepest rises in house prices in the UK, with the average cost of a home increasing from £243,209 in March 2014 to £291,364 12 months later – a 19.8% jump. The boom has been driven by the regeneration of Canning Town, and investment in new developments such as the showpiece Hoola project at Royal Docks and the restoration of the Millennium Mills. Greenwich, where the average house now costs £353,926, followed in second place, with growth of 18.8%. In a sign that prices may be stabilising amid the uncertainty wrought by the general election, Tower Hamlets and Hackney have both dropped out of the top ten

The Wharf (01/05/15)