Putney Property Prices Rise By 10%

Renewed Activity at Top End of Market Stirs Recovery

 

Sales in Putney down 21.9%

Average Putney property costs £314,248 according to Land Registry

Putney prices down 0.9% in the quarter to March 2004 (Land Registry)

Putney prices up 10.9% over the last year

Putney Property Price Shock

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The latest numbers from the Land Registry show that property prices in Putney once again dropped in the last quarter. However, there have been eight properties sold with price tags over one million in comparison to none in the same period last year.

Both the national and London trend which saw rises over the same period.

Data from the last quarter shows that prices have dropped slightly over the quarter to bring the average price of a property in Putney to 314,248 from £316,522.

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

Property in the SW15 1 postcode areas have seen a rise in average prices this quarter although the total number of properties sold has dropped. In conast all property sectors of the SW15 2 postcodes have seen a drop in average price and sales.

Stephen Rodgers of local IFA Berkeley Consultants, has noticed a slight cooling in demand for property since Easter but nothing significant. Activity levels of first time and subsequent buyers reduced in April however that is not surprising when you have Easter at one end of the month and a bank holiday at the other. He feels the resurgence of City bonuses should shore up the market over the summer.

Putney Property Price Changes Jan - March 2004

-Region

Detatched

Semi-detached

Terraced

Flat and Maisonettes

Overall

Ave. Price £

Sales

Ave. Price £

Sales

Ave. Price £

Sales

Ave. Price £

Sales

Ave. Price £

Sales

SW15 1

0

0

1,161,666

3

491,853

20

321,703

27

440,160

50

SW15 2

0

0

0

0

424,040

11

262,947

55

289,795

66

SW15 3

667,500

4

0

0

343,500

5

242,711

42

285,909

51

SW15 4

0

0

0

0

241,666

3

137,305

24

148,900

27

SW15 5 0 0283,571 7264,022 9 204,30721233,823 37
SW15 6 1,506,500 5612,153 3405,750 4232,696 37400,034 49
Overall 1,133,611 9 562,035 13 402754 52 240,473 206 314,248 280
Change in Quarter - - - - - - - --0.9% 

Change in Year

- -

-

-

-

-

-

-

10.9%

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.

May 13, 2004