sandfords
Specialists in Sales, Lettings and acquisition of prime residential property in Central and North West London
2015: the Central London property market in numbers
Key property statistics As we hurtle towards the end of 2015, Central London
2. Rents in London
estate agent Sandfords takes a look at the key
Rents in London over the past 12 months have risen
property statistics that reflect the health and status of
7.7%, according to data from the latest HomeLet Rental
the current property market.
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..
1. Interest rates The 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.
3. Central London house price growth Prices 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 value A 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-let 2015 was the year that property investment went
If you’d like to know how your Central London property
mainstream, with several crowdfunding ventures
performed in 2015 or would like a selection of
offering investment opportunities for as little as ÂŁ250
properties for sale and to rent, please contact
and unbelievable buy-to-let mortgage rates. Data from
Sandfords today.
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.
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 Us If 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 pm@sandfords.com www.sandfords.com