Real Estate Advisory

Kensington and Chelsea Regain Ground

28th March 2015

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 Land Registry Data February   12 Month Av.Price 
 All UK  +0.5%  6.5%  £180,252
 London  +0.6%  13.1%  £463,872
 Royal Borough of Kensington and Chelsea  +0.7%  7.8%  £1,310,083
 City of Westminster  -0.3%  11.2%  £990,898

February data for London shows a monthly increase of 0.6%.
At 13.1%, the annual change for London is considerably higher than most other regions.
The average price of property in the capital is £463,872 in comparison with the average for England and Wales of £180,252.
The London borough with the highest annual price rise is Newham, with a movement of 21.4%.
Brent experienced the highest monthly increase, with a movement of 1.9%.
The region with the greatest fall in the number of repossession sales was London.
Repossession volumes across the UK continue to exhibit a downward trend.

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