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Home prices in east London surge in 2015

The central borough of Westminster, which includes the neighbourhoods of Marylebone and Mayfair, had zero price growth; Kensington and Chelsea saw a 4.3% gain

The value of homes in the borough of Newham jumped 22.1% last year, the most in London, fuelled by a planned increase in the transaction tax on second homes and rental properties.


HAYLEY Johnson, a 37-year-old retailer, had planned to sell her rental property in Plaistow in east London. Soaring values have made her think twice.

"The area is starting to have that up-and-coming hipster feel," she said in a telephone interview from her home in the London...