Double-digit house-price rises return to five key London boroughs

Five London boroughs have clocked up double-digit house price growth in the past year, says Ruth Bloomfield

After a six-year property recession the capital is showing signs of a recovery that extends beyond the gilded streets of prime central London.

The latest Land Registry data shows the areas performing best are all in the capital’s “middle ring” — between prime London and the outer suburbs.

Prices in prime central London have continued to grow – but not at such a dramatic rate as in previous years. According to a separate report from Knight Frank, prices are up 7.2 per cent year on year.

Giles Hannah, managing director of London agency VanHan, believes Zone 2 is booming because UK buyers have been priced out of the centre of the city.