Real Estate Advisory

Updated: July Market Review

17th September 2016

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Land Registry Data July Av.Price  July 2016  12 Month change
 UK  £216,750  +0.42%  +8.38%
 England  £232,855 +0.46% +9.07%
 London  £484,716  +0.96%  +12.30%
 Royal Borough of Kensington and Chelsea  £1,287,850  +2.97%  -3.04%
 City of Westminster  £1,029,884  -0.49%  +7.42%
  • London shows an annual price increase of 12.3% which takes the average property value to £484,716. Monthly house prices rose by 1.0% since June 2016.
  • Bromley recorded the highest number of sales in May 2016 with 376 transactions whilst the lowest number was recorded Kensington and Chelsea with 64.
  • The July data shows an annual price increase of 8.38% which takes the average property value in the UK to £216,750
  • Newham remains the London borough with the highest annual price rise with a movement of 20.8%.

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