Latest Market Movements

London Central - Land Registry Results Q2 2010

Using primary data from HM Land Registry, which records all completed sales in England & Wales, LCP analyse the property movements in the two prime London Central Boroughs; Kensington & Chelsea (RBKC) and Westminster (CoW) each quarter.

The London Central rental investment sector (flats and maisonettes) continues to show price growth vs the first quarter of this year (+2.3%) and vs this time last year (+8.5%).  This is on the back of an increase in sales of over 50% vs last year. Prices have now exceeded the pre credit crunch peak of £742,054 in Q2 2008. However, volume of sales in Q2 are still 40% down on their high in 2007.

London August 2010: Top-line results for London Central Flats

Source: LCP/HM Land Registry, City of Westminster and Royal Borough of Kensington and Chelsea (combined, weighted average). Rolling annual change

Click either for our Quarterly Comment , or our Investor Track to find out more

Flats and maisonettes represent the core element of the central London investment market and represented 86% of all transactions in 2009. Average values for the market as a whole can be distorted by a few “high-end value” sales and last year accounted for 35% of the value but only 14% of the sales. In addition, volumes can be highly volatile and show no correlation to the rest of the market. As a result, LCP have further refined their market analysis to look at these sectors separately.