Saturday, 2 April 2011

Jubilee Line Corridor Property Prices Have Reached 2007 Peak

North West London property prices on the "Jubilee line corridor" have risen faster than other areas of London.

Property prices on the "Jubilee line corridor" of north west London have recovered faster since the crash than in any other part of London, according to research. from Zoopla. St John's Wood NW8 tops the list of London postcodes where property prices have now passed their 2007 peaks. The average St John's Wood home is valued at £888,840, almost seven per cent above property prices in September 2007, according to a new house price survey.

London property prices fell 20 per cent or more in the wake of the credit crunch. Property prices are now above their peaks of September 2007 in 22 of the capital's 154 postcodes according to a London property price survey conducted by UK property website, Zoopla.

Of the top 12 London postcodes, five property price hot spots are on the Jubilee line which runs through North West London to the West End, The City and Docklands.- St John's Wood; NW2 (served by Dollis Hill and Neasden stations), NW3 (Swiss Cottage), NW6 (Kilburn and West Hampstead), and NW10 (Willesden Green).

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