Embed Size (px)
Citation preview
Specialists in Sales, Lettings and acquisition of prime residential property in Central and North West London
sandfords
2015: the Central London property market in numbers
Key property statisticsAs we hurtle towards the end of 2015, Central London
estate agent Sandfords takes a look at the key
property statistics that reflect the health and status of
the current property market.
1. Interest ratesThe rumoured interest rate rise never materialised
during 2015, partly to economic instability in China.
The Bank of England have intimated that a rate rise
may be as far off as the end of 2016 or even the early
part of 2017. For now, the record low of 0.5% remains.
This is great news for those looking to purchase a
property for sale in Central London with a mortgage.
2. Rents in London Rents in London over the past 12 months have risen
7.7%, according to data from the latest HomeLet Rental
Index. While rents across the UK stand at an average of
£749 per month, the figure in London is more than
double that, with the capital’s tenants paying an
average of £1,560..
3. Central London house price growthPrices in prime Central London have risen 21% since
2012 but have dipped by 6% during 2015, according to
Rightmove. While we can reflect on 2015’s property
market, many home movers will want to know what
lies ahead. Analysts at JLL have been crunching
figures (and looking into their crystal ball) to predict
what might happen to house prices by 2020. Property
values in Central London are expected to climb by
17%, with an average value of £3,244,317 in the next
five years.
4. Overall property stock valueA recent report by Halifax revealed the estimated total
value of the UK’s private housing stock has passed the
£5 trillion barrier for the first time. Not surprisingly,
most of the property wealth is in London, where the
property stock is worth £1.3 trillion - almost double
that of all the homes in Scotland, Wales and Northern
Ireland.
5. Growing confidence in buy-to-let2015 was the year that property investment went
mainstream, with several crowdfunding ventures
offering investment opportunities for as little as £250
and unbelievable buy-to-let mortgage rates. Data from
the Office for National Statistics this year revealed 44%
of Brits believe that property will make them the most
money in their life, compared to 10% who said the
stock market was the most lucrative investment.
If you’d like to know how your Central London property
performed in 2015 or would like a selection of
properties for sale and to rent, please contact
Sandfords today.
Properties for Sale in Central London
4 bedroom Flat for sale in Belsize Park, London, NW3
2 bedroom Property for sale in Mansfield Street,
London, W1
For an updated and complete list of properties for sale in Central London , please visit www.sandfords.com
Contact UsIf you would like details of properties for sale in Central London with modern kitchens and the latest appliances, please contact Central London estate agents Sandfords today.
Sandfords Property Management
6 Nottingham Place,
London W1U 5NA
T: +44 (0)20 7099 1133
F: +44 (0)20 7487 3393
www.sandfords.com
