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Residential real estate price in Greater London has risen in the last 12 months despite the coronavirus outbreak creating new challenges for the buying and selling process. It is based on the

data of Barclays Mortgages real estate index. Accordingly, residential prices in Pearley have risen by two per cent in the six months (since March 2020), followed by Selsdon and Sanderstead with the prices risen by 1.9 per cent over the same period. Prices in New Malden and Kingston upon Thames in southwest London rose by 1.7 per cent, and Tolworth rose by 1.8 per cent. The data from Barclays Mortgages shows that the average percentage price increase in Greater London indexes has been 2.1% over the past 12 months. The average price for a home in Greater London equalled £475,980 in August 2020. “We understand that the pandemic added fresh challenges to the process of buying and selling property, and we hope the Postcode Property index will help inform those looking to move; to help them better understand the regional price fluctuations in their local area”, Lee Chiswell, director of Barclays Mortgages said.

Naomi Atkin