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Research 14 August 2014

Chestertons Residential Observer - July 2014

Monthly rents in the 12 months to q1 2014 averaged £1,633 in Inner London and £1,245 in Outer London.

Report Highlights

  • Q1 London house sales up by 26% compared to Q1 2013
  • 26 of London's 33 boroughs now seeing double digit annual house price growth
  • Over half of UK homes not covered by mortgage protection insurance
  • Average equity loan size rose by 17% in first half of 2014 NS

Market Monitor

Stormy Cloudy Settled Fair Fine Average national house price movements Source Price (£) 12 month change 3 month change Monthly change Date as at Definition Land Registry Hometrack Rightmove Home.co.uk LSL Acadametrics ONS Nationwide Halifax

£172,035 6.70% 1.20% 0.40% May-14 England & Wales: sold price
n/a 6.00% n/a 0.30% Jun-14 England & Wales: survey of achievable sale price
£270,159 6.50% 2.90% -0.80% Jul-14 England & Wales: asking price
£264,800 9.60% 3.80% 1.00% Jun-14 England & Wales: asking price
£268,637 9.60% 2.10% 0.70% Jun-14 England & Wales: based on Land Registry data
£262,000 10.50% 3.60% 0.80% May-14 UK: price at mortgage completion
£188,903 11.80% 4.80% 1.00% Jun-14 UK: price at mortgage approval
£183,462 8.80% 3.10% -0.60% Jun-14 UK: price at mortgage approval