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Market turnover plunges to record low in December
11 properties changed hands in Putney in December at an average price of £368,273. Both volumes and prices are down on the previous four months. The volume level is the lowest monthly total on record
For the fourth quarter as a whole prices are down by over 14% over the year and the number of transactions have fallen by around two-thirds. The average house in Putney now costs £386,413.
No detached or semi-detached homes were sold during the period.
This contrasts sharply with the previous quarter which saw prices hit a record high - despite the credit crunch and the generally gloomy economic situation. Prices have fallen by nearly 25% compared with the previous period although the level of the fall may have been influenced by the mix of properties sold with a higher proportion of flats changing hands.
The data for January for the country as a whole shows an
The numbers are subject to revision as usually some properties are added late to the Land Registry's database.
Properties Sold in SW15 - December 2008
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.
January 29, 2009