MARKET SUMMARY
N14
National Market Summer Market Update NATIONAL MARKET
1.4%
89,810
UK house price growth, year to April 2019
Transactions in May, an -11.3% fall on a year ago
Source: ONS
Source: HMRC
JULY 2019
We bring you the latest trends in the UK's housing market, with a detailed focus on North Finchley. House prices
National housing market trends
0%
The average price of a property across the UK was £228,903 January to June 2019, 1.4% higher than a year ago. On a monthly basis, average prices rose by 0.7%, the first rise in monthly prices since August 2018.
-5%
Economy
5%
-10%
-15% May 18
June 18
July 18
Aug 18
Mortgage approvals
Sep 18
Oct 18
Nov 18
House prices
Dec 18
Jan 19
Feb 19
Mar 19
Apr 19
May 19
The UK economy contracted 0.4% in April, according to the ONS, meaning growth for the three months to April slowed to 0.3%. The fall was driven by declining output across the production and construction sectors following stockpiling in March, along with a 24% fall in car manufacturing.
Transactions
Transactions The HMRC report that the number of properties sold in May was 11.3% lower than a year earlier, dropping below 90,000 for the first time since May 2016.
Average property values over last 12 months DETACHED
SEMI-DETACHED
TERRACED
FLAT/APARTMENT
NORTH FINCHLEY
£1,028,269
£760,021
£625,235
£350,750
GREATER LONDON
£863,529
£564,662
£538,561
£427,506
ENGLAND & WALES
£349,005
£215,051
£178,908
£215,891
Demand The latest RICS Residential Market Survey suggests the market is beginning to stabilise. Demand levels were largely unchanged in June, compared to May following consecutive months of decline since July 2018.
Investment Annual change in private rents to May 2019 by region 1. 2. 3. 4. 5. 6. 7.
2.5% 2% 1.5% 1%
8. 9. 10. 11.
0.5% 0% 1
2
3
4
5
6
% change
Source: Dataloft, Land Registry, Bank of England and ONS
7
8
9
10
11
London South East South West East of England East Midlands West Midlands Yorkshire & The Humber North East North West Wales Scotland
Average rents paid by UK private tenants grew by 1.3% in the year to May, the highest rate of annual growth in 18 months. Rents are currently experiencing strongest growth across the South West and East Midlands.
Southgate Local Market Update LOCAL MARKET ROUND UP
THE LAST 3 MONTHS, TOP 3 TRANSACTIONS
The demand for property remains positive with 227 sales completing over the last 12 months. We are registering a higher volume of buyers in Q2 and are agreeing sales in record times.
£1.574m THE GREEN N14
£1.075m AMBERLY ROAD N13
Transactions by price band over the last 12 months NATIONAL
SOUTHGATE less than £100k
£950,000
£100k-£250k £250k-£500k
TOWNSEND AVENUE N14
£500k-£750k £750k-£1m £1m-£2m £2m-£5m £5m+
HOUSE PRICE GROWTH OVER 1 YEAR AND 5 YEARS
Percentage of sales by property type over last 12 months
30%
17%
Apartments
Terraced
47% Semi-detached
6% Detached
+2%
+51%
STREET WITH MOST TRANSACTIONS IN LAST 3 MONTHS
Average prices over last 12 months £1,000,000
LINDEN WAY, N14
£750,000 £500,000 £250,000 0 Flat/Apartment
Southgate
Terraced
Semi-detached
Detached
Greater London
Source:Dataloft, Land Registry
Raj Phlora Southgate Office 85 Chase Side, Southgate, N14 5BU T:: 020 8886 2094 E:: Rajp@martyngerrard.co.uk
Disclaimer: This report is produced for general information only. Whilst every effort has been made to ensure the accuracy of this publication, Dataloft Ltd accepts no liability for any loss or damage of any nature arising from its use or from any changes made to Dataloft content by Inform users. Reproduction of all or part of the report in any form is prohibited without written permission from Dataloft Ltd. Report edited by Inform user and published on 2019-06-20.
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