Putney Property Prices Rise By 10%

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

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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
-Region	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	0	283,571	7	264,022	9	204,307	21	233,823	37
SW15 6	1,506,500	5	612,153	3	405,750	4	232,696	37	400,034	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