London Property News Blog

Archive for February, 2008

UK House prices increase by 6.4% year on year - Land Registry

Published on February 28, 2008 in Property News. 0 Comments

House prices in England and Wales have increased by 0.9 per cent according to the latest monthly figures from Land Registry…  The increase takes the average house price to £186,045. However, the data shows a decline in annual house price changes, from 6.7 per cent last month to 6.4 per cent this month. London experienced annual price growth of 13.1 per cent, with the average house price for January standing at £357,976. The largest monthly growth was seen in the North West with an increase of 2.0 per cent, taking the average house price there to £139,362. The volume of transactions was down on the same period last year, with an average of 100,648 per month in the months August to November 2007, compared with 117,173 per month from August to November 2006.  Region Monthly/ Annual change/ Average price North West: / 2.0/ 5.8/ 139,362
London: 1.5/ 13.1/ 357,976
East Midlands: 1.5/ 3.4/ 146,288
West Midlands: 1.3/ 3.9/ 155,405
South East: 1.1/ 7.8/ 231,958
South West: 1.0/ 5.4/ 198,401
North East: 0.9/ 5.4/ 132,458
Yorkshire & The Humber: 0.9/ 4.3/ 147,201
East: 0.2/ 5.7/ 195,245
Wales: -0.3/ 1.3/ 140,289
Average prices/ Jan 2008/ Jan 2007/ Difference Detached: £278,362 £266,509 4.4
Semi-detached: £174,691 £165,038 5.8
Terraced: £146,127 £136,853 6.8
Flat/maisonette: £175,712 £163,289 7.6
All: £186,045 £174,826 6.4

Hot or Cold. Where do you Live?

Published on February 21, 2008 in Property News. 0 Comments

Interesting article in The Standard today written by Mira”The Guru” Barr- Hillel, about where’s hot and clod in relation to property prices per square foot in London. Hamptons have drawn up the figures, presumably from figures their branches in London have generated, so they’re probably accurate where Hamptons have a strong local office but weak where the local office is further away. £1,235 per foot, phew that’s hot! Not as hot as this though, £6,000 per foot. THAT’S SIX THOUSAND POUNDS PER SQUARE FOOT!!

Stunning House!!!!

Published on February 12, 2008 in Property News. 0 Comments

Whilst searching for a client in W2 I viewed this amazing house today. Unfortunately not suitable for my client but possibly the nicest house I’ve seen for months. It’s situated in a quiet relatively little known old Victorian mews in Bayswater and has a lovely quaint old world feel to it. The house has recently been completely renovated but the attention to detail is out of this world. Stunning kitchen with clever wine cellar, fabulous sitting room on the second floor and a useful roof terrace complete with outdoor jacuzzi. What more could a girl want!!! See the details here http://www.marshandparsons.co.uk/details.dtx?propertyid=8F158035-9B59-4DEB-A070-59885D81E5C6 or phone Lucy on 07957 588599 - She’s the best.