Real Estate Advisory

Another Record Year for London

29th November 2015

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 Land Registry Data October  12 Month 10yr annual avge. Av.Price 
 All UK  +0.4%  +5.6% +1.78%  £186,350
 London  +1.8%  +10.6% +8.3%  £503,431
 Royal Borough of Kensington and Chelsea  +0.1%  +4.8% +15.25%  £1,348,409
 City of Westminster  -1.4%  +0.4% +14.03%  £989,702
  • The average price of property in the Capital is now £503,431 compared to £186,350 in England and Wales.
  • 8,773 properties were sold in London in the month of August representing a decrease of 14% compared to the same month last year.
  • London remains the best performing region over the past 12 months with a price increase of 10.6%.
  • The borough of Merton experienced the highest monthly increase (in London) with a movement of 2.5% in October.
  • The London Borough with the highest annual price rise is Hillingdon, with and increase of 13.1%.

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