Real Estate Advisory

Property Market Performance

3rd September 2015

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 Land Registry Data July  12 Month Av.Price 
 All UK  +1.7%  4.6%  £183,861
 London  +2.5%  8.3%  £488,782
 Royal Borough of Kensington and Chelsea  +0.2%  2.1%  £1,351,645
 City of Westminster  +2.2%  3.5%  £994,784
  • The average price of property in the capital is now £488,782 in comparison with £183,861 in England and Wales.
  • The Royal Borough of Kensington and Chelsea is back on the growth path with a modest increase of 0.2%.
  • London remains the best performer over the past 12 months with an annual price increase of 8.3%.
  • Barnet experienced the highest monthly increase (in London) with a movement of 2.6% in July.
  • The London Borough with the highest annual price rise is Hillingdon, with and increase of 14.6%.
  • Wales is the only region in the UK that saw a monthly price decrease of 0.3%.
  • Repossessions in England and Wales continue to exhibit a downward trend.

 

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