Sales in Putney down 21.9%

Average Putney property costs £316,522 according to Land Registry

Putney prices up 0.6% in the quarter to December 2003 (Land Registry)

Putney prices down 10% over the last year

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Putney Property Price Shock

Latest numbers show fall in prices as rest of London sees recovery

The latest numbers from the Land Registry show that property prices in Putney appear to have only just avoided stagnation over the past quarter.

This is in sharp contrast to both the national and London trend which saw rises over the same period.

Data from the last quarter shows that prices have stagnated with local prices were up by a mere 0.6% over the quarter to bring the average price of a property in Putney to £316,522. This is still 10% lower than they were a year ago.

The figures came before the latest rise in the base rate so it remains unclear how this will impact the market.

Stephen Rodgers of Berkeley Consultants, who are an Independent Mortgage Specialists said “the recent base rate movement was designed by the Bank Of England to start people thinking about their overall household debt."

 

Putney Property Price Changes Oct- Dec 2003

-Region

Detatched

Semi-detached

Terraced

Flat and Maisonettes

Overall Change

Ave. Price £

Sales

Ave. Price £

Sales

Ave. Price £

Sales

Ave. Price £

Sales

Ave. Price £

 

Sales

SW15 1

0

0

787500

4

482122

18

269575

38

367867

 

60

SW15 2

0

0

0

0

435389

6

312491

61

338028

 

77

SW15 3

670916

3

0

0

346357

7

201861

42

248373

 

52

SW15 4

0

0

0

0

236071

7

129437

16

161890

 

23

SW15 5 1536750 4 271125 4 283938 19 212423 13 384695   40
SW15 6 0 0 1008500 3 330676 8 264432 49 310467   60
Change in Quarter     1.8% -26.7% -7.2% -2.6% 9.1% -13.8% 0.6%   -11.9%

Change in Year

   

22.0%

-47.6%

-16.1%

10.3%

-7.4%

-7.6%

-10%

 

-7.4%

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.

10th February 2004