Latest Market Movements

London Central - A Resilient Asset Class

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

London May 2008: Top-line results for London Central

All Property Trends	Yr to Q1 2008 vs Yr to Q1 2007
Average Price	£870,597
% change	17.1%
Volume of Sales	6,910
% change	-22.7%

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 2007. Average values for the market as a whole can be distorted by a few “high-end value” sales and last year accounted for 31% 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.