This is an animated map of London, showing the increase in average property value between 2000 and 2013. Also, the chart on the left shows the evolution of average house prices in a borough of your choice, compared against London's overall. Just pick a borough, press the play button, and watch!
By default, the chart shows the average house prices for Islington vs. London. You can use the selector at the top of the map to change the borough. Since this is a map, you can zoom and pan as usual, but I would recommend to do that when the animation is not running. Some more notes on using the map, as well as on the data used, are available below. If you like this app, then you should definitely check our location explorer. Happy exploring!
More on using the London house prices map
The boroughs on the map are coloured according to their house price index (HPI), as calculated by Land Registry, with the colours changing according to the increase (or decrease) of HPI. For instance, you will notice that, in the middle of the global financial crisis of 2007 - 2012, when the property market went downhill, the values in the chart decrease considerably, whilst the map colours become lighter. You can also notice that boroughs such as Hackney, Islington, and Camden, all of them situated north of the City, have experienced strong, high growth over the past four years.
The 'hole' in the middle of the map is the City of London, for which Land Registry does not provide background data.
It is important to understand that the red colour on the map doesn't show which boroughs are the most expensive, but the ones which have experienced the highest growth in average property value between January 2000 and August 2013 inclusive. The chart, on the other hand, whilst displaying the average house prices and their evolution, also allows to check which borough is more expensive, compared to the London average. It is interesting to see how some areas have become much more expensive over time, whilst others have not really experienced much growth (if any) past the values recorded in 2008 - 2009.
On the bottom-right corner, right under the year being displayed, you can also see some snippets of text. Those are some important facts which we strongly believe that have affected the property market in the UK. The chronology starts with the USA's Commodity Futures Modernization Act, passed in 2000. It allowed the trading of credit-default swaps, with minimal oversight, a fact which has contributed substantially to the financial disaster of 2008 and the subsequent property bubble bursts around the world.
Land Registry - House price indices, seasonally adjusted and smoothed
Land Registry - Average prices seasonally adjusted and smoothed
This data covers the transactions received at Land Registry in the period 01/01/2000 to 01/09/2013. © Crown copyright 2013.
Boundary data provided by Ordnance Survey. © Crown copyright and database rights 2013 Ordnance Survey (100052771).