Imagine a delightful little English village complete with cobbled alleys, stone churches and heaps of willowy trees. Now plonk it down 10 minutes outside the centre of London and you have found yourself in Hampstead, and so lets have a look at Hampstead Property prices.

Tipping the list for house price growth is the sprauncy hilltop village of Hampstead in north-west London.

From Harry Styles and Boy George to Thierry Henry and Ricky Gervais, the affluent area has long been a desirable destination for the rich and famous to set down roots.

The average asking price for a property in this leafy part of London in 2019 was £1,521,867, up from £1,463,648 last year.

Vivienne Harris of Heathgate Properties, an estate agency based in Hampstead, is unsurprised by the news. ‘Hampstead is a jewel and there is little wonder why the property prices remain robust, even in these uncertain times’ she says.

As popular as Hampstead is, it has not been immune to a fall in house prices over the past few years, however.

‘The Hampstead property market has seen times of depressed prices, but, as it is such an unusual place to reside and its appeal is so broad, there are always more people wanting to live in the area than properties available’ says Harris.

‘Due to the demographic nature of the buyers and tenants, money is not always the overriding factor and whilst everyone is conscious of market forces, populations move for a variety of reasons’, she said.

Properties in Hampstead had an overall average price of £1,578,384 over the last year, 2020.

The majority of sales in Hampstead during the last year were flats, selling for an average price of £1,027,841. Terraced properties sold for an average of £2,305,676, with semi-detached properties fetching £3,649,400.

Overall, sold prices in Hampstead over the last year were 5% up on the previous year and 6% up on the 2017 peak of £1,488,812.