London’s outer boroughs are showing considerable growth in house prices, according to the latest statistics from global real estate adviser CBRE.

Leading the boroughs is Harrow, which is showing an average annual house price growth of 14 per cent, which is almost seven times higher than the London average. When compared to the central London boroughs, house prices in the outer London boroughs are growing in double digits.

Meanwhile, major investment in to regeneration and development of boroughs such as Waltham Forest and Barking and Dagenham are having a demonstrably positive impact on long-term house price growth. Waltham Forest has shown an 83 per cent increase in house price growth over the last five years; almost double the London average.

In fact, the combination of regeneration, affordability and improved transport links has attracted more and more buyers to the capital’s outer boroughs, particularly first-time buyers and young families looking to take advantage of the high levels of affordable residential developments.

Research has shown that house-buyers are increasingly looking for homes in outer London boroughs. Homes in London zone 3 and outwards are is demand, as working professionals, are also buying homes here in view of improved connectivity.

Strawberry Star Group is focusing on London zone 3-9 and the commuter belt for new developments. LU2ON, an integrated mixed-use development, will be launched shortly in Luton, 23 minutes by train from King’s Cross, St. Pancras station, central London.