Posts with tag: property in Barking and Dagenham

The Worst Place to Live in the UK

Published On: August 11, 2015 at 4:57 pm

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It may be the most affordable borough to live in within the capital, but Barking and Dagenham is the least happy place to live in the country.

It has the cheapest property prices in London, but Barking and Dagenham scored the lowest in five of Rightmove’s 12 criteria to judge residents’ happiness. The area came at the bottom of a list of 130 spots.

Barking and Dagenham was voted the worst for community, area upkeep, safety, amenity and neighbourliness.

Separate research earlier this year also found that Dagenham is Britain’s most burgled town.

Darren Rodwell, Barking and Dagenham Council leader, says: “I find this report quite amusing, as we have just had tens of thousands of people coming to a series of events celebrating 50 years of our borough.

“This was the largest community celebration of its kind in London and as a result, we even had Her Majesty the Queen coming here a couple of weeks ago to see our fantastic borough and residents.”

He says the area is ready for growth and development, stating: “London is moving east and we are at the heart of it.”1

The north Yorkshire town of Harrogate was voted the happiest place to live for the third consecutive year, coming first for area upkeep, pride and safety.

At the bottom of the list were Hounslow, Brent, Harrow and Newham, indicating that high house prices in London have a negative impact on locals.

Of all London boroughs, Richmond was rated the happiest.

Traditionally, house prices are higher down south, but Barking and Dagenham’s average price of £225,455 is much lower than Harrogate’s £277,049.

Top 10 happiest places to live in the UK

Position

Area
1 Harrogate
2 Shrewsbury
3 Ipswich
4 York
5 Chester
6 Inverness
7 Llandrindod Wells
8 Hemel Hempstead
9 Watford
10 Blackpool

Top 10 unhappiest places to live in the UK

Position

Area
1 Barking and Dagenham
2 Hounslow
3 Brent
4 Harrow
5 Newham
6 Tower Hamlets
7 Greenwich
8 Luton
9 Hillingdon
10 Haringey

 

1 http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11785492/The-happiness-index-Where-is-the-worst-place-to-live-in-the-UK.html

Property Prices in London Suburbs Up Almost 20%

Published On: July 8, 2015 at 1:55 pm

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The Outer London boroughs of Barking and Dagenham, Brent, and Sutton have experienced property prices rising almost 20% in the past three months.

Property Prices in London Suburbs Up Almost 20%

Property Prices in London Suburbs Up Almost 20%

Prices in the Essex borough of Barking and Dagenham were up 19% in the last three months, compared with the same period last year. In Sutton, prices increased by 18% and Brent saw prices grow by 17%, according to Nationwide’s house price index for June.

House prices dropped by 0.2% in June, taking the annual rate of price growth to a two-year low. The market could be slowing down after a boost following the general election.

The average house price decreased to £195,055 last month, from £195,166.

Year-on-year prices rose by 3.3%, compared to 4.6% growth in May, the research found.

Chief Economist at Nationwide, Robert Gardner, says: “This maintains the gradual downward trend that has been in evidence since mid-2014.”

However, buyers will be pleased, as Gardner reports that wage growth is beginning to catch up with the pace of property price rises.

He elaborates: “House price growth continues to outpace earnings, but the gap is closing, helped by a pickup in annual wage growth, which moved up to 2.7% in the three months to April from 1.9% at the start of the year.”1

In the capital, property price growth has matched or beaten that around the UK in the last nine months and the annual rate of growth is the second highest in the country.

In a separate report covering the three months to the end of June, Nationwide revealed that the average house in London cost £429,711, a 7.3% rise on the previous year. However, the speed of growth had slowed significantly from the 12.7% recorded in 2014.

1 http://www.independent.co.uk/news/business/news/london-house-prices-property-in-suburbs-barking-brent-and-sutton-up-almost-20-in-three-months-10359915.html