please empty your brain below
You are probably expecting this pedantic comment, but since 1997, the Well Known Building Society you reference has been a Well Known Bank That Was Formerly A Building Society.

These days, it's actually a trading name of a Well Known Bank From Scotland, but not the Royal one.

Colly | 23.12.22 - 8:00 a.m. | #

Moneyboxes! I note the average price of property on the most expensive street in four regions (North East, East Midlands, Scotland and Wales). was £1.6-£1.7m. The £1m property in 'bottom of the league' North East is sufficiently unusual for the local media to report the annual tally. Just 22 properties sold for over £1m in 2020.

Rod | 23.12.22 - 9:51 a.m. | #

London is property porn. And sadly I'll be leaving soon for somewhere cheaper. But I'll always read your blog to remind me of the best (?) city in the world

Daniel | 23.12.22 - 9:54 a.m. | #

It remains a huge puzzle to me why a London location should add to a property's value rather than diminish it. True, there are advantages attached to London life, compared to other locations; but also a host of disadvantages, too legion to mention.

cau1khead | 23.12.22 - 10:02 a.m. | #

I can't help wondering if the people whose house is being repainted in Dulux have in fact paid for Farrow & Ball.

Jonathan Wadman | 23.12.22 - 10:04 a.m. | #

The former building society was founded in 1853 but demutualised in 1997; that plc merged in 2001 with a non-Royal Scottish Bank with a similar saltire logo; and that merged four letter bank was acquired by the black horse high street bank in 2009 amid the bailouts following the global financial crisis.

The soaring prices of London real estate has something to do with a decade of very low interest rates, and with huge amounts of QE money dumped unevenly into the economy. Collectively we are a rich country, but some of us very much more than others.

Andrew | 23.12.22 - 10:28 a.m. | #

Colly - I’m puzzled by your “pedantic comment”. As that combined entity was rescued by the Black Horse in 2009

Martin | 23.12.22 - 10:36 a.m. | #

What disgustingly obscene wealth. Churches, royalty, inherited wealth and Russian oligarchs. Viva la revolution.

Andrew | Homepage | 23.12.22 - 10:42 a.m. | #

Surprised that no streets in NW8 (e.g. Avenue Road) or NW3 make the list, indeed Bishops Avenue N2 must have come down a lot in average price to not make the list

MilesT | 23.12.22 - 10:50 a.m. | #

Depressing situation, because for the average person, house prices have completely outstripped wages.

If people want to pay over the odds for a box to live in (and then pay over the odds to refurbish an already pristine interior) that's their choice. It annoys me when it pushes the prices up for everyone else.

Cornish Cockney | 23.12.22 - 10:56 a.m. | #

If people want to and can afford these prices, it doesn't bother me.

I have to say though that many of these streets aren't ones which I'd have expected to be right up there. Phillimore Gardens just seems much like any other Kensington Street. I'd rather like in St Johns Wood for example.

Mikey C | 23.12.22 - 11:06 a.m. | #

Even if I could afford it, none of these locations appeal. From the ones I do know, Acacia Road NW8 & Ingram Avenue NW11 would be my choice, and probably cheaper.

Richard | 23.12.22 - 3:26 p.m. | #

I was buying paint in an Islington decorating shop a while ago. The shop keeper said “The best thing about Farrow & Ball is their advertising. He recommended Dulux.

Neesi | 23.12.22 - 3:53 p.m. | #

The one weird thing I find about this is that some of these people are paying over £15m and then having to park their cars on the street. (I know some will have fancy car lifts etc).

If I was paying that much the least I would expect is a driveway, and probably a garage!

trooper | 23.12.22 - 4:48 p.m. | #

trooper House - prices in Kensington are inflated by foreign buyers who buy where they know. Conversely the most expensive streets in the Northwest are in the outer suburbs of Manchester where English buyers pay for big plots.

Sprout Eater | 23.12.22 - 9:13 p.m. | #

Great report - maybe you could do a study of the "affordable" bits of London such as they are. A Happy Xmas and thank you for your interesting reports over the year.

David S | 23.12.22 - 11:12 p.m. | #

Grosvenor Cres connects to Hyde Park Corner, a short curving link to Belgravia Square. Can't be too much wrong with that!!

I would LOVE one of those mansions, as the late Georgian architects understood. The porch and pillars are still impressive now although I would love more space for greenery or flowers on the ground and on the first floor balcony.

Always select your parents and grandparents carefully.

Hels | Homepage | 25.12.22 - 11:09 a.m. | #











TridentScan v2.10.0 | Privacy Policy