Adrian Black delivers critical property market insights and the influences, behaviour and money driving them.
Total spend estimated to be up £300m from £1.3bn to £1.6bn and an additional 80 transactions (from 820 to 900) in areas covered by London YOUeye based on our processing of land registry data.
The areas covered in the analysis are Artesian Village, Bayswater, Belgravia, Chelsea, Earl’s Court, Gloucester Road, Golborne, Hillgate Village, Holland Park, Hyde Park Estate, Kensington, Knightsbridge, Ladbroke, North Kensington, Notting Dale, Paddington, Paddington Central, Pembridge, Pimlico, Portobello, Queen’s Gate, South Kensington, The Boltons, Westbourne Grove, Westbourne Park and Westbournia. These are the London areas that we focus on.
Average prices have increased by about 10% over the period.
We have a wealth of free data available on www.youeye.co.uk including price per square foot / metre and price change tracking. This information can prove to be priceless during the early stages of your property search.
Recent highlights / points of interest are a mansion sale in Stanley Crescent W11 at £2,706 a square foot, a house in Blenheim Crescent W11 at £2,055 a square foot, and £1,360 a square foot for a 1st and 2nd floor maisonette on Westbourne Terrace W2.
More properties are coming to the market with some vendors wanting to sell before the 2015 election. There is continuing concern about property taxes although latest political rumblings project lower financial cost – we will have to wait and see.