News

SALES:

• Prime Central London property values dipped by 0.3% in January, taking the annual change to -0.7%
• Property prices in prime central London are down 0.7% in the year to January 2017, though there remain significant variations in performance dependant on price and location.

LETTINGS:

• Average rents across the Great Britain rose 1.1% in the 12 months to January 2018, a slight fall on the previous month, according to the ONS. In the prime central London market, rents are down 2.1% over the year to January. In the London super-prime lettings market, for properties rented out at £5,000-plus per week, there was a record number of tenancies agreed in 2017, up by 35% year-on-year LonRes data showed.
• Economic and housing market overview Average values for residential property ticked up in January, according to the Nationwide, taking the annual level of growth in prices to 3.2% across the UK. An alternative measure of house price growth in England and Wales from the Land Registry shows 5.2% annual growth in 2017, taking the average price of a home to £226,756

Source: KF, Curzon, Nationwide, Land Registry