Real Estate Advisory

Updated: Property Market Review

22nd March 2017

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Land Registry data January Av.price  Monthly change  12 Month change
 England  £234,794 +0.7% +6.5%
 London  £490,718  +3%  +7.3%
Royal Borough of Kensington and Chelsea  £1,342,561  +1.2%  +0.5%
 City of Westminster  £1,015,855  +0.02%  -0.8%
  • London’s annual price increase remains strong at 7.3%. The monthly move was of 3%.
  • Sale volumes in London in November 2016 increased by 3.5% over October 2016.
  • Kensington and Chelsea continue to show signs of recovery with an monthly increase of 1.2%.
  • The average annual property price in Fulham increased by 0.5% and now stands at £774,287
  • Bromley was the London borough that recorded the highest number of sales in November 2016 with 323 transactions.
  • December data shows an annual price increase of 6.5% taking the average property value in England to £234,794.
  • Waltham Forest is the London borough with the highest annual price rise with a movement of 15.7%.

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