First time buyers in Hammersmith and Fulham see prices rise by 36% since 2012
Property price rises for first-time buyers in the London borough of Hammersmith and Fulham have increased by 36% since 2012.
According to new research, for first time buyers, property prices in London have risen by 67% on average, with some areas seeing even higher price rises.
Camden is the least affordable London borough for first-time buyers, while Barking and Dagenham is the most affordable, despite experiencing sharp price rises in the years between 2012-17.
The same research revealed that for first time buyers in Hammersmith and Fulham, theaverage deposit cost was £190,518, the highest of any other borough.
For first time buyers in London, average deposits have increased by over £30,000 since 2012, and isover double the amount put down by a first time buyer for a property outside of London.
House price rises have slowed in inner London boroughs in the last year, partly in response to stamp duty tax changes and the general uncertainty surrounding Brexit.
The boroughs of Waltham Forest and Newham, for example, have seen some of the highest price rises in the last year, as relative affordability, regeneration, and improved transport links help to attract potential buyers.
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