Real Estate Advisory

Kensington and Chelsea up 2.7% In November

5th January 2015

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  • Average national house price now £176,581 compared with the peak of £181,191 in November 2007.
  • Annual growth of 7.1% in November throughout the UK.
  • At 17.4%, the annual change for London is considerably higher than other regions.
  • The November data for London shows a monthly increase of 1.2%.
  • Kensington and Chelsea experienced the highest monthly increase, with a movement of 2.7%.
  • In London, Redbridge saw the lowest annual growth of 12.4%.
  • Repossession volumes decreased by 40% in September 2014 compared to September 2013.

Land registry statistics                                              November           12 Month          Av.Price
All UK                                                                             -0.1%                    +7.1%              £176,581
London                                                                           +1.2%                   +17.4%            £461,453
Royal Borough of Kensington and Chelsea            +2.7%                   +13.1%             £1,323,949
City of Westminster                                                    +0.2%                   +16.6%            £984,646

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