Rightmove: Brockley house prices rose at second-fastest rate in last decade

On Monday, Knight Frank claimed that Brockley house prices had risen at the fifth (or possibly fourth)-fastest rate in the capital since 2008. Today, Rightmove have conducted a very similar analysis and reckon that Brockley house prices rose at the second-fastest rate in the capital over the last decade, only lagging Wapping.

The Standard says:

"Every gambler dreams of backing a rank outsider that goes on to outpace the odds-on favourite. Residents [sic] of 10 London locations have done just that, investing in areas which would have appeared in most cases to be unlikely property hotspots a decade ago.

"Nonetheless, these are the neighbourhoods that have seen the most dramatic rise in asking prices in the past 10 years, according to research from Rightmove.

"Brockley has an average asking price of £582,016 and fabulous train links to central London — just 14 minutes to London Bridge [sic] — have helped Brockley to reinvent itself as the place where buyers head when they’re priced out of neighbouring Peckham or East Dulwich [sic].

"Average asking prices are now £582,016, up 143 per cent in the last decade. Brockley converts rave about its comparatively affordable period architecture, urban village vibe and friendly, community feel."

These sorts of tables are being churned out on a regular basis, with varying results, but any meta-study of estate agent data would confirm that Brockley has clearly experienced a very fast rate of house price growth in recent years.


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