Nationwide Announces Strong Second Quarter Figures for House Prices in London

Online, July 16, 2013 (Newswire.com) - Nationwide's House Price Index Report for the second quarter of 2013 was released today and shows that London tops the table of house price growth in Q2.

Ten of the 13 UK regions saw annual price rises in the second quarter of 2013 with London continuing to lead annual price growth as prices climb to record highs

Commenting on the figures, Robert Gardner, Nationwide's Chief Economist, said, "The price of a typical house rose by 0.4% in Q2 2013, after allowing for seasonal effects. Prices were up 1.4% compared with the same quarter the previous year. London was again the top performing region, with prices up 5.2% compared with Q2 2012. London has seen the greatest recovery in prices of any region, and prices are now 5% above their 2007 peak at £318,214."

Of the boroughs where Chelsea Square operates most strongly:

The average house price in Camden is currently £620,299. There has been an 80% change in house prices over the past ten years, a 15% change in Q1 this year over last year, and an 8% change in Q2 this year over last .

In Brent, the average house price is currently £388,066. There has been a 59% rise in house prices over the past ten years, a 2% annual % change in Q1 this year over last year, and a 3% change in Q2 this year over last.

In Barnet, the average house price is currently £361,736. There has been a 42% rise in house prices over the past ten years, a 1% annual % change in Q1 this year over last year, and a 5% change in Q2 this year over last.

In Westminster, the average house price is currently £777,586. There has been a 117% rise in house prices over the past ten years, a 9% change in Q1 this year over last year, and a 7% change in Q2 this year over last.

Chelsea Square Partnership is a boutique North West London estate agency offering unrivalled knowledge and experience of property sales, lettings and management in NW6 and NW2. If you are looking for a dedicated team of estate agents in North London contact Chelsea Square.