Data: More infrastructure needed to see house prices rise

The borough of Newham saw the biggest drop in house prices last year according to data from the Land Registry. Prices in London generally rose by 2.8% but Newham was bottom of the list with a 2.5% fall.

The other boroughs north of the Thames that are benefiting from the Olympics all saw a rise. Nick Verdi, a real-estate broker at Keatons, feels it’s a very flat market at the moment. Speaking to Bloomberg he said: “There’s still a lot more infrastructure that needs to be built in Newham before you see significant rises in house prices.”