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Research & insight article

Chrome March 2015 House Prices

Chestertons

The prime sector remains fairly flat and it is the new homes sector, with a high proportion of investors, which is largely driving growth across the capital.

Nick Barnes, Head of Research

Top 5 London boroughs: house price growth
1. Newham 23.4%
2. Waltham Forest 22.1%
3. Southwark 21.1%
4. Lambeth 20.2%
5. Ealing 19.3%

Stormy Cloudy Settled Fair Fine

National barometer

Further signs of a slowing market are apparent in the latest residential data. Price growth, mortgage lending and transaction numbers are all lower than last month while available stock remains in short supply. 

Stock shortages in particular are dampening sales in the general market as buyer appetite is surprisingly robust as indicated by record January web visits on several property portals.

At regional level, London, the East and South East remain the strongest markets and are maintaining the gap with the rest of the country in terms of price growth. However, growing evidence of a buyer’s market suggests that price growth will continue to slow over the coming three months.

House prices England

Regional average house prices and 12 month price growth (Jan 2015)

Source: Land Registry


Oxford Street Article Details

Contributed by

Nick has more than 20 years’ experience within the property research arena.

Nick Barnes

Nick Barnes

St Magnus House

020 3040 8406