Monday 20 March 2017 11:47 am

Through the roof: The seven London boroughs where house prices will rocket in 2017

House prices will rocket in east London this year while values in the centre of the capital have stagnated, and in some boroughs, have started to fall.

Outer boroughs such as Redbridge, Havering and Croydon recorded double-digital growth last year and are among the seven boroughs that are tipped to see the highest house price growth this year.

Read more: Here's how much house prices grew this month

The following map shows which London boroughs have the most growth potential, based on annual house price growth, the number of transactions currently taking place in the borough and how house prices have changed since 2009:

Has hipster hang-out Hackney lost its edge? According to the research by Garrington Property Finders, Hackney, Kensington and Chelsea, and Lambeth have the worst house price prospects in the year ahead.

The slowdown in these areas is perhaps inevitable. Since 2009, house prices in Hackney have grown by an astounding 117 per cent, and in Kensington and Chelsea, house prices have jumped 102 per cent.

Top boroughs for house price growth in 2017  
BoroughPrice growth since 2009Annual price growth
Havering79 per cent18 per cent
Barking & Dagenham94 per cent18 per cent
Sutton85 per cent13 per cent
Redbridge83 per cent11 per cent
Bexley84 per cent17 per cent
Croydon86 per cent15 per cent
Bromley79 per cent8 per cent

Last week, it emerged that house prices in Chelsea are now more than 38 times average earnings, and it seems the borough has struggled to maintain that level, with prices having dropped by more than 13 per cent in the past year.

Jonathan Hopper, managing director of buying agents Garrington Property Finders, said: "The prime central London property market endured a tough 2016, with sales falling by 18 per cent on the previous year, and price growth either reducing or slipping into reverse.

"By contrast prices rose strongly in several outer boroughs, especially in the east. Havering in particular is enjoying a surge in interest among both investment buyers and those looking for a home, after it was revealed that the new Elizabeth line will cut the journey time from Romford to central London to barely 30 minutes."

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