As if to emphasise the challenge facing the Tony Blair, who last week nipped round the country pledging affordable housing as part of his pre-electioneering, Halifax has released figures showing just how much house prices have come in the past decade.
Focused on the capital, they show house price inflation of at least 200% in almost every borough, with Brent in the northwest postcodes making average gains of 296% - sending the average price of about £72,000 in 1994 to nearly £298,000 by 2004. Just four London boroughs saw prices rise less then 200% during that period, Halifax says. These were Croydon (199%), Greenwich (193%), Bexley (192%), and Sutton (190%). In terms of ranking by top price there have been almost no changes in the top five, with Kensington & Chelsea, Westminster, Camden, Richmond, and Hammersmith & Fulham still l...
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