Per the figures, the average house prices in the three micro-neighbourhoods have all risen over the past year, despite house prices falling across London by 2.4 percent since the summer of 2022. The average\u00a0price\u00a0of a house in\u00a0South Hampstead, Ravenscourt Park and West Putney is now\u00a0\u00a31,007,872,\u00a0\u00a31,223,973 and \u00a31,351,501, respectively.\u00a0<\/p>\n
![\"Finchley](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/1758208760_351_image.webp.webp\")
\nPhotograph: Peter_Fleming \/ Shutterstock.com
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Why did this come about?\u00a0According the the Standard, there are a number of reasons. While sales in London\u2019s most prime, central London locations have slowed down due to changes to non-dom tax regulation, the neighbouring Zone 2 spots are becoming increasingly popular with wealthy families looking for leafy,\u00a0spacious\u00a0neighbourhoods with large houses and good schools.\u00a0<\/p>\n
Meanwhile, there has been a reversal of the exodus\u00a0we\u00a0saw during the pandemic. Essentially,\u00a0many\u00a0deep-pocketed people that fled London during\u00a0Covid\u00a0are all making their return. It means that neighbourhoods with an average house price of \u00a31 million outside\u00a0the capital are dropping in number, while in the\u00a0city they are on this rise.\u00a0<\/p>\n
ICYMI: The London borough that is the most expensive place to rent in Britain<\/a>.<\/strong><\/p>\n Plus: Every London borough ranked from poshest to least posh<\/a>.\u00a0<\/strong><\/p>\n Get the latest and greatest from the Big Smoke \u2013 from news and reviews to events and trends. Just\u00a0follow our Time Out London WhatsApp channel<\/a>.<\/strong><\/p>\n