Saturday, August 11, 2007
Hpi slowed from 1% to 0.3% per month since Jan
Even setting aside the spectacular 38.1% annual growth recorded for the City of London, where the number of residential homes is limited, the analysis still demonstrates that the headline figures for Greater London mask an acute contrast at the local level. Four boroughs of quite different character show increases of 20% or more on an annual basis whilst, at the other end of the spectrum, there are five boroughs with increases of 8.2% or less, i.e. well below the national average.