London Property Market Update - January

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Jan 11 - 2022

You can now login to find data up to the end of December 2021

2021 - Overview

Before looking at the recent changes, we have a quick overview of 2021 as a whole. As usual, our heatmaps are coloured to indicate which way the market moved and by how much.

Average sale price change between 01 January 2021 and 31 December 2021

A very strong year for sales in the outskirts with pricing in some areas growing by more than 10% compared to a London average of 5%.  Closer to the centre, sales price growth was more subdued, tending to flat in some areas such as Canary Wharf.
 

Average sale price change between 01 January 2021 and 31 December 2021
Average sale price change between 01 January 2021 and 31 December 2021

Average rental price change between 01 January 2021 and 31 December 2021

Rental prices have been broadly up across London (4% on average), but very strongly so in Central London as we saw the v-shaped recovery from the Covid drop in the later part of the year.

Average rental price change between 01 January 2021 and 31 December 2021
Average rental price change between 01 January 2021 and 31 December 2021

Recent changes (October - December 2021)

Average sale price change between 01 October 2021 and 31 December 2021

The year ended on a high across London with sales prices positive across the city with many areas exceeding 3% price growth over the past 3 months.

Average sale price change between 01 October 2021 and 31 December 2021
Average sale price change between 01 October 2021 and 31 December 2021

Average rental price change between 01 October 2021 and 31 December 2021

The last 3 months of 2021 saw a continuation of the big price recovery in Central London while other areas continued to grow more modestly.

Average rental price change between 01 October 2021 and 31 December 2021
Average rental price change between 01 October 2021 and 31 December 2021

As always, these numbers are area averages. If you want to see how the market for your property has changed, or to explore the map, log in at www.bricksandlogic.com.

Don't forget to add your property to your shortlist to receive regular updates on both price changes and new sales and lets posted in the area and see how they change the pricing for your property.

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