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London Residential Values Grow Despite Poor Rental Market

LONDON-The Little Venice District is the best-performing residential market in London over the past decade, according to new research from Chesterton Residential.

By Graham Parker | Updated on June 24, 2003

LONDON-Despite the slowdown over the past three years, central London residential values have still shown some spectacular uplifts over the past decade, according to new research from Chesterton residential. The Little Venice district of north-west London has seen the strongest growth at 259%, followed by Kensington at 222% and Battersea at . Pimlico, on the other hand, is bottom of the league table with 141% growth over ten years followed by Chiswick at 159%.

But the picture is much less bright for investment purchasers, because rental values–which Chesterton has tracked for four years–are still in the doldrums. OnlyHampstead, Fulham, Barnes and Hyde Park have shown any increase in rental values over that period with Hampstead achieving 8.6% growth; Fulham 3.7% and Barnes and Hyde Park 1.4% each.

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