While much of London grapples with a softening property market, Putney house prices are standing firm—emerging as one of the capital’s most resilient areas for growth.
According to recent figures from property company Savills, Putney recorded a 3.0% increase in residential property values over the past year, placing it on a par with Wimbledon and Islington and behind only Hackney for the strongest growth in the capital.
This is in stark contrast to the rest of Prime Central London, where property prices have fallen by an average of 2.6%. The broader downturn has been attributed to a range of factors, including economic uncertainty, changes to the non-domicile tax regime, and a 3% stamp duty surcharge on additional homes, which have collectively dampened buyer confidence in traditionally high-end areas.
Putney is, well, lovely
However, Putney appears to be bucking the trend. The area’s blend of leafy streets, riverside living, good transport links, and strong community feel has made it a magnet for families and professionals alike. Local agents report sustained interest from buyers looking to move out of more expensive areas without compromising on lifestyle or connectivity.
“Putney offers that ideal middle ground between central convenience and suburban comfort,” one local estate agent summed it up. “You’ve got parks, good schools, and excellent links into the city. That kind of offering is hard to beat—especially when the rest of the market is so volatile.”
VAT on schools
But while the property market provides cause for optimism, local families are bracing for financial pressures elsewhere. A new 20% Value Added Tax (VAT) on private school fees, introduced by the government in January 2025, has sparked anxiety among parents—particularly those with children in specialist education settings.
The tax, designed to help fund state school improvements, has already led some families to reconsider their schooling options. Critics argue that it places an unfair burden on middle-income households and risks forcing children with additional needs out of tailored educational environments. A legal challenge is currently underway, with campaigners claiming the policy is discriminatory.
Putney, home to a number of independent schools, is among the communities feeling the strain. “We moved here specifically for the schools and the balance of lifestyle,” one local parent told Putney.news. “Now we’re having to make very difficult decisions because of a tax policy we didn’t see coming.”
Despite these challenges, Putney’s position as a stable pocket in a turbulent market suggests it will remain in high demand. For those looking to invest in a part of London that’s weathering the storm, the riverside enclave continues to stand out.
