Barking and Dagenham is among the ten top-performing locations in the capital in 2015 for housing price growth, yet remains one of the most affordable London boroughs, research reveals.
Property market experts, CBRE Residential published its “Hot 100” research, outlining details of last year’s London residential market.
Barking and Dagenham is placed third among London's best performing boroughs, with a price growth of 12%. Only Newham (16%) and Hillingdon (13%) have seen a bigger rise.
Despite this growth, the borough is still one of the ten most affordable areas to buy in, although it fell from first to tenth place in the CBRE list.
London’s house prices grew by seven per cent and, in contrast to recent years, the outer boroughs outperformed the central areas, the research says.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…