The number of boroughs where house prices sit below the London average, and that are considered comparatively affordable, has dwindled. Despite a property market that has been muted since the Brexit referendum and outperformed by the rest of the UK during the pandemic, values in the outer boroughs have continued to rise.
In 2012 there were 12 boroughs of the 32 where the typical price tag was below the London-wide average. This has now fallen to eight as the wave of demand to move to the east and to the edges drove up prices in cheaper areas — according to new data from the property group JLL.
