Traditional north-south divide in London sales market narrowing
House sales and price growth in South London outstrip the north side of the capital as the gap grows smaller.
The housing market in South London is outperforming the North side of the capital by sales and house price growth.
New research reveals a difference from the northern to the southern half of the Capital where prices are more affordable.
The North of the city, is normally seen as being more desirable and also expensive.
But now the data from Benham and Reeves shows that the South is leading the way in terms of the average number of homes sold over the last year, averaging 3,003 sales per borough in the past 12 months.
With a total of 4,552 sales, Wandsworth is the most active market in the South, followed by Bromley (4,374) and Croydon (3,953). The fewest Southern sales have come in Kingston-upon-Thames (1,961).
Dominance
Meanwhile, in the North, the average 12-month sales per borough comes in at 1,929. Barnet is leading the way with 3,415 total sales, followed by Havering (3,017) and Tower Hamlets (2,894).
The average house price in the North is £594,634 compared to £519,289 in the South.
But the North’s house price dominance over the South might not last forever because during this slower housing market price growth has been much stronger in the South.
Across Southern boroughs, the average annual price growth is 5%, with Greenwich (9.2%) and Kingston-upon-Thames (9.1%) leading the charge and none of the boroughs recording negative growth.
While some boroughs struggle to maintain prices and demand, their neighbouring boroughs can soar.”

Marc von Grundherr, director of Benham and Reeves, says: “Of course, like the wider UK market, London is fragmented. While some boroughs struggle to maintain prices and demand, their neighbouring boroughs can soar.
“So, while we may have seen higher demand to the South in terms of buyer appetites, many areas of the north remain extremely popular.”