Is first-time buyer market losing out?
The middle to high end of the property market is currently doing better than the first-time buyer market, it has been revealed.
According to Mouseprice Street Rankings for 2010, the most expensive street in England and Wales is Chester Square in London, SW1W, where the average property is worth £6,596,000.
Out of the 20 most expensive streets identified by the firm, 12 are located in the London borough of Kensington and Chelsea.
Indeed, the borough is believed to be a "firm favourite" with the wealthy, while the City of Westminster, Haringey and Camden are also faring well.
Such high property prices may mean that Britons instead wish to choose flats to rent in the London borough of Kensington and Chelsea, which is likely to prove far more affordable than buying in this borough.
Commenting on the figures, Nigel Ellis, director at Prickett & Ellis, said: "Things are definitely going for more than they did last year on the top end of the market but probably the year before that as much if not more."
Written by Andy Britten
Published 12th March, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
The higher end of the housing market is performing better than the end targeted at first-time buyers, it has been claimed - which may mean more people are choosing property to rent in London.