Thanks to a Rat and Mouse reader for this:

Land registry statistics for July just released. The headlines proclaims slow growth but that belies the fact that prime SW is on fire, for example Chelsea is up 2.8 for the July (30.9% for year) and Fulham is up 2.2 (23.5% for the year). Westminster and Islington are also up by 2.3% (21.6%) and 1.9 (23.7%) respectively.

My personal theory is that hedge funders and rich foreigners are buying up K&C property driving bankers and rich Brits to buy in Fulham, Islington and Westminster as they can no longer stomach the prices paid in Kensington and Chelsea.

Those slow growth headlines: a 0.1% rise nationally (the lowest monthly growth in 13 months), leaving an annual inflation figure of 8.8%. In London, those numbers are 1% and 10.5%.

Technorati Tags: London, property, real estate