South London prices soaring

Despite yesterday's news from property website Rightmove that house prices only rose by 0.9 per cent in London in the last three months compared with the rest of the country, several districts in the south of the capital are reporting significant price rises.

The Sunday Times reported that Clapham was seeing a major rise in prices as the area went through a phase of gentrification, with increasing owner-occupancy and older houses which were once in a poor state of repair having been refurbished.

In addition to this, the Kingston Guardian has reported that Kingston and Richmond were the most likely places in London to see prices hold up, according to property agency Knight Frank.

Those living in south London and hoping for a moderation in prices to help them get on the housing ladder may be disappointed by the news.

An alternative solution may be to find available land for the self build of a home instead.


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