House Price Statistics Should be Read with Care
It’s easy to think that all places in the UK have seen strong house price growth recently. However, there are big variations even in one city.
Take London for example – here, foreign money has boosted Knightsbridge and, Kensington & Chelsea which saw growth at about 12 per cent last year. Southwark, has done well and so has East London as a result of the Olympics and new tube lines from 2010.
However, growth in other parrts of London was slow with Greenwich and Croydon seeing increases of only 2 or 3 per cent in the last half of 2006. Meanwhile prices have actually fallen in many northern towns in the last 6 months.
So read the stats with care and look at trends in specific areas. www.upmystreet.co.uk is one of many good sites that allow you to drill dwn to street level and chart trends in house prices over time.
Back to main site: www.lettingfocus.com
Copyright: D Lawrenson 2007
Take London for example – here, foreign money has boosted Knightsbridge and, Kensington & Chelsea which saw growth at about 12 per cent last year. Southwark, has done well and so has East London as a result of the Olympics and new tube lines from 2010.
However, growth in other parrts of London was slow with Greenwich and Croydon seeing increases of only 2 or 3 per cent in the last half of 2006. Meanwhile prices have actually fallen in many northern towns in the last 6 months.
So read the stats with care and look at trends in specific areas. www.upmystreet.co.uk is one of many good sites that allow you to drill dwn to street level and chart trends in house prices over time.
Back to main site: www.lettingfocus.com
Copyright: D Lawrenson 2007
This entry was posted by lettingfocus, on
Thursday, February 22, 2007.
