Havering and Enfield are home to the lowest median price for newly built housing out of all local authorities in London, research has revealed.
Home insurance broker One Sure Insurance analysed data from the Office for National Statistics (ONS) to determine which local authorities had the lowest median price for all types of newly built housing last year.
Havering came first in the study, with the lowest median new housing price of £298,750.
Enfield ranked second with a median new housing price of £371,500.
Hillingdon came third with a median new housing price of £375,000.
Bexley ranked close behind in fourth with a median new housing price of £379,250.
Croydon came fifth with a median new housing price of £415,000.
Other local authorities in the top ten include Bromley, Lewisham, Harrow, Sutton, and Newham.
Westminster came last in the study with the highest median new housing price of £1,809,875.
A spokesperson for One Sure Insurance, said: “This study provides valuable insight into the range of prices for newly built housing within local authorities across London.
“While it does not show us what the highest and lowest prices are, these median price points offer a perspective on the potential average cost for new housing.
“It is notable that the median new housing prices in London are far higher than the highest-ranking positions for England and Wales as a whole, which suggests that living close to the capital city drives up the price of new housing.
“This may be why boroughs in Outer London are the most affordable when compared to the likes of Westminster.”
They added: “There are also many boroughs in the list that lack of data for most types of housing.
“This might mean they either only have recorded pricing data for newly built flats and maisonette houses, or they were the only housing types available in those areas last year, which may be indicative of the current housing market.”
