Real Estate Advisory

Upward Move of 1.9% In June – RBKC

28th July 2014

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* The region with the most significant annual price increase is London with an increase of 16.4%.

* The UK land registry reports an annual growth of 6.4 per cent in June bringing the average house price in England and Wales to £172,011.

The London borough with the highest annual price rise is Waltham Forest, with a increase of 28.1%.

* The number of properties sold in London for over £1 million in April 2014 increased by 35 per cent to 695 from 516 in April 2013.

* In the months January 2014 to April 2014, repossession volumes averaged 995 per month compared to the same period a year earlier, when volumes averaged 1,413 per month.


June
12 Month
Av.Price
UK
0% +6.4% £172,011
London +0.10% +16.40% £437,608
Royal Borough of Kensington and Chelsea +1.90% +15.10% £1.313M
City of Westminster
+0.20% +17.80% £948,344

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