Putney Property Remains at High Levels


Buyer emphasis switches from flats to houses in second half of year

putney property pricesThe market for property in Putney remains robust according to the latest official figures.

The average price of a home sale reported to the Land Registry during the third quarter of 2012 in SW15 was £562,656. This is up by 3.0% compared to the previous three months although down by 3.4% compared to the same period last year which was an all-time high for local property prices.

Flat prices fell back after reaching record levels in the first half of the year as interest appears to have switched to larger properties. Even so well over half the 203 properties sold in the area during the period are flats.

Over the longer term Putney property prices are up by 20.3% over three years and 65.7% over 5 years.

London was the region in England and Wales which experienced the greatest increase in its average property value over the last 12 months with a movement of 5.5 per cent.

The September data from Land Registry's flagship House Price Index shows an annual price increase nationally of 1.1 per cent which takes the average property value in England and Wales to £162,561.

The most up-to-date figures available show that during July 2012, the number of completed house sales in England and Wales decreased by 9 per cent to 56,509 compared with 62,303 in July 2011.

The number of properties sold in England and Wales for over £1 million in July 2012 increased by 13 per cent to 817 from 725 in July 2011.

Putney Property Prices (July - September 2012)
Area Detached Sales Semi-Det Sales Terraced Sales Flat/
Mais
Sales Total Ave Total Sales
SW15 1 0 0 0 0 910173 19 420202 24 636701 43
SW15 2 0 0 0 0 945562 4 413262 47 455011 51
SW15 3 0 0 1078125 8 0 0 355572 24 536210 32
SW15 4 0 0 0 0 0 0 162062 8 162062 8
SW15 5 0 0 625000 3 565520 22 337646 13 492259 38
SW15 6 2683333 3 1805000 4 997900 5 327100 19 854013 31
Total 2683333 3 1181333 15 770130 50 369946 135 562656 203
Last quarter 22.4% 0.0% 24.9% 50.0% 1.7% 8.7% -7.8% 5.5% 3.0% 8.6%
Last year 31.3% -80.0% 7.3% -37.5% 15.3% -19.4% 0.6% -27.0% -3.4% -29.0%
Last three years 42.1% -57.1% 26.5% 25.0% 42.7% -7.4% 19.8% 10.7% 20.3% 4.1%
Last five years 41.2% -80.0% 19.0% -44.4% 11.2% -37.5% 17.5% -49.6% 12.5% -47.9%
Last ten years 84.4% -86.4% 105.9% -51.6% 96.0% -51.9% 71.4% -55.3% 65.7% -55.8%

 

 

 

Copyright notice: All figures in this article are based on data released by the Land Registry. The numbers are derived from analysis performed by PutneySW15.com. Any use of these numbers should jointly attribute the Land Registry and PutneySW15.com.

November 8, 2012