Real Estate Advisory

London Property up 0.2% In March

30th April 2015

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 Land Registry Data March  12 Month Av.Price 
 All UK  -0.8%  5.3%  £178,007
 London  +0.2%  11.3%  £462,799
 Royal Borough of Kensington and Chelsea  -1.6%  5.2%  £1,296,754
 City of Westminster  +0.4%  9.9%  £999,687

March data for London shows a monthly increase of 0.2%.
At 11.3%, the annual change for London is considerably higher than most other regions.
The average price of property in the capital is £462,799 in comparison with the average for England and Wales of £178,007.
Once again, the London borough with the highest annual price rise is Newham, with a movement of 19.8%.
Hackney experienced the highest monthly increase, with a movement of 1.6%.
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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