Black's Property Blog

Adrian Black delivers critical property market insights and the influences, behaviour and money driving them.

As predicted, spend on London property has fallen sharply - perhaps by a half, possibly more

by Adrian Black, Thursday 08 January 2015

The latest Land Registry information analysed for west prime central London property market shows a very sharp drop in spend on residential property in the area. In the graphic below contains data up to the first two weeks of November.

I would not be surprised if the full November report when known showed spend in November 2014 at perhaps as low as a half – perhaps a third? of the spend in November 2013. We have tabled the reasons in earlier blogs driving the fall…upcoming general election, property tax increases, especially for non-dom’s and enveloped dwellings, mansion tax uncertainty.  

Properties are selling but the categories need to be right and the properties need to offer best value in that category. Please contact us so that we can discuss your individual property in detail and also so that you can get the benefit of our exceptional market research and understanding.

Contact details adrian.black@youhome.co.uk or jerry.epton@youhome.co.uk or +44(0)20 7980 9280+44(0)20 7980 9280

Total spend dropping in 2014

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