This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.
X

London Sales Market Overview - read to know latest trends!

London - AdobeStock_70461978.jpeg

This report summaries key trends in London’s housing market for the years 2015, 2016 and the first quarter of 2017 including transaction volumes, number of transactions and average prices achieved per property. The report draws on official data provided by the land registry and will be updated by us on a quarterly basis. The property types included are flats and houses (detached and semi-detached). Commercial properties are not included.

London’s housing market includes in this case properties within the following postcodes, which represent our licence area:

SW1W+X - Belgravia, Knightsbridge

SW3 – Chelsea, part Knightsbridge

SW5 – Earl’s Court

SW6 – Fulham

SW7 – South Kensington, partKnightsbridge

SW10 – West Brompton, Chelsea

The following graph shows the quarterly change in number of transactions for the above-mentioned postcodes. The number of transactions in 2015, 2016 and the first quarter of 2017 was unsteady. In total, 2879 properties were sold in 2015, whereas the number decreased to 2360 properties in 2016. This corresponds to a decline of 18%. The curve shows further that the number of transactions was at its peak in Q1.16 (915 transactions) and had a drastic fall in Q2.16 (442 transactions). In Q1.17there was a further decrease to 389 transactions.

London - graph1.jpg

The following graph shows the quarterly change in transaction volumes. The total transaction volume decreased from £4.9 million in 2015 to £3.9 million in 2016. For thelast two years, transaction volumes were low since Q2.16 compared to Q1.16 and2015. The total transaction volume in Q1.17 was £732,000 compared to £1,594,000 in Q1.16.

London - graph2.jpg

Also, the average sale prices per property have changed. The following graph shows the development of the average sale prices on a quarterly basis. The average sale price achieved in Q1.17 was £1.88 million per property. The lowest average sale price achieved was £1.47million per property in Q3.16- shortly after the Brexit decision.

London - graph3.jpg

Looking at the change in transaction volumes for the separate postcodes, a general trend is visible. The total transaction volume has decreased in 2016 comparedto 2015 in nearly all postcodes, besides SW7 where it increased slightly.  The postcode SW6 had the greatest impact on total transaction volume with approx. £1.3 million in 2015 and approx. £1.2million in 2016.

London - graph4.jpg

This report summaries key trends in London’s housing market for the years 2015, 2016 and the first quarter of 2017. We will be updating the report on a quarterly basis.  

Engel & Völkers

London Chelsea
293 Brompton Road
SW3 2DZ London
Great Britain
Phone
+44 20 758411-00

To the shop


Offer A Property

 
Yes, I would like to have my property valued by Engel & Völkers free of charge and with no obligation.

Array
(
    [EUNDV] => Array
        (
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_offer-form] => MTM5MjE5NzU3NkJ4d29xancwTDVhZWFIRzEycXAxcW9SdElHdVBqMTdV
            [67d842e2b887a402186a2820b1713d693dd854a5_csrf_contact-form] => MTM5MjE5NzU3NnlHcUR0Y2VlTXVPUndLMHZkMW9zMnRmRlgxaUcwaFVG
        )

)