Real Estate Advisory

London Performance Update

22nd October 2016

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Land Registry Data August Av.Price  August 2016  12 Month change
 England  £235,573 +1.4% +9.2%
 London  £488,908  +1.26%  +12%
 Royal Borough of Kensington and Chelsea  £1,335,389  +5%  +1.5%
 City of Westminster  £964,807  -2.98%  +3.10%
  • London remains the region with the most significant annual price increase with a movement of 12%.
  • Bromley recorded the highest number of sales in June 2016 with 375 transactions whilst the lowest number was recorded Kensington and Chelsea with 91.
  • After months of decline, Kensington and Chelsea average prices jump 5% in August. Overall annual performance back in positive territory at 1.5%.
  • August data shows an annual price increase of 9.2% which takes the average property value in England to £235,573.
  • Newham remains the London borough with the highest annual price rise with a movement of 23.7%.

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