Here Are the London Housing Market’s Winners and Losers
Pedestrians take photographs of residential houses with colorful facades in Chelsea, west London, U.K. (Photographer: Chris J. Ratcliffe/Bloomberg)

Here Are the London Housing Market’s Winners and Losers

(Bloomberg) -- London house prices are falling at their fastest pace since the financial crisis a decade ago but not every district of the British capital is a loser.

Haringey in north London saw prices rise around 6% in the year to May and there was a similar increase in Hackney in the east, according to Land Registry data published Wednesday.

Here Are the London Housing Market’s Winners and Losers

But with affordability stretched after years of soaring prices and no-deal Brexit fears mounting, some of the most expensive homes lost value over the past year.

In Kensington and Chelsea, where the average home costs 1.25 million pounds ($1.55 million), prices fell almost 4%. They declined by more than 5% in Islington and by nearly 6% in Southwark, across the Thames from the City of London. Homeowners in Barnet, the worst-performing London borough, lost almost 10%.

©2019 Bloomberg L.P.

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