A new Insight paper analyses the profile of London house price growth by price segment with commentary on the current outlook. Inflation is examined across ten price bands covering the cheapest to most expensive properties.
The timing and scale of price growth has been far from uniform providing important context looking ahead to the prospects for the next 12-36 months. Key points:
● London house prices up 80% since 2009.
● The recovery has been led by high value markets where prices are now falling by -5% year on year.
● The lowest value markets have grown as much as the highest value markets since 2009.
● The next 1-3 years will see a period of price adjustment coupled with lower turnover.
● Price falls are expected to be concentrated in the upper half of the house price distribution.
Read the full report
here
The map of London below, profiles the distribution of the current £ price deciles which have been grouped into 4 categories to assist identification of coverage and markets. The map is based on postcode districts (e.g. SE5) within the Greater London administrative boundary.
The top decile covers the highest values parts of central London including the City, Mayfair, St James’s, Belgravia, Knightsbridge, Chelsea, Kensington, Holland Park and Notting Hill. The 7th to 9th deciles cover the areas adjacent to the central core stretching out to Dulwich in the south, Twickenham Richmond and Kingston to the south west, Hammersmith and Ealing to the west, Hornsey and Hampstead to the north and Stoke Newington, Shoreditch and Bermondsey to the east. The rest of the price deciles cover the outer suburban parts of London’s wider region.
Of particular interest are those areas adjacent to or to surrounded by higher value areas. Notable locations are markets such as Peckham and Camberwell in SE London north of Dulwich. The area between Hammersmith and Ealing and north of Stoke Newington are some examples.
The top decile covers the highest values parts of central London including the City, Mayfair, St James’s, Belgravia, Knightsbridge, Chelsea, Kensington, Holland Park and Notting Hill. The 7th to 9th deciles cover the areas adjacent to the central core stretching out to Dulwich in the south, Twickenham Richmond and Kingston to the south west, Hammersmith and Ealing to the west, Hornsey and Hampstead to the north and Stoke Newington, Shoreditch and Bermondsey to the east. The rest of the price deciles cover the outer suburban parts of London’s wider region.
Of particular interest are those areas adjacent to or to surrounded by higher value areas. Notable locations are markets such as Peckham and Camberwell in SE London north of Dulwich. The area between Hammersmith and Ealing and north of Stoke Newington are some examples.
