Shepherd's Bush Propert
Low number of sales reco
The property market in Shepherd's Bush remained somewhat frozen during th
Simon Rubinsohn, RICS Chief Economist sees the lettings market as being stronger than the sales side. He said, "It is noticeable that the amount of new rental instructions coming through to agents is continuing to edge lower, which is not altogether surprising given the changing landscape for buy-to-let investors. One consequence of this is that rents are expected to continue rising not just in the near term but also further out and at a faster pace than house prices."
During June 2017 London was the second worst performing region of the country after the North East according to the Land Registry with prices rising by 2.9% over the year to average £482,000.
Prices in England as a whole increased by 5.2% over the year to June 2017, with the average price now £240,000.
The number of completed house sales in London in January, the latest month for which figures are available, fell by 26.3% to 5,968 compared with 8,093 in January 2016.
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
| Shepherd's Bush Property Prices (October - December 2016) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Area | Semi-detached | Sales | Terraced | Sales | Flat/ mais |
Sales | Overall Ave | Overall Sales |
| W12 0 | 760000 | 1 | 762500 | 4 | 628000 | 3 | 711750 | 8 |
| W12 7 | 0 | 0 | 1171000 | 3 | 490833 | 6 | 717556 | 9 |
| W12 8 | 0 | 0 | 1230000 | 3 | 580401 | 8 | 757565 | 11 |
| W12 9 | 2040165 | 3 | 1277778 | 9 | 469929 | 21 | 833000 | 33 |
| Total | 1720124 | 4 | 1144895 | 19 | 508966 | 38 | 786462 | 61 |
| Change over quarter | 38.0% | 33.3% | 18.4% | -32.1% | -2.7% | -38.7% | 15.6% | -34.4% |
| Change over year | -12.1% | -20.0% | 9.0% | -42.4% | -8.7% | -50.6% | 3.5% | -47.0% |
| Change over three years | 108.1% | -55.6% | 32.1% | -34.5% | 33.0% | -59.6% | 49.1% | -54.1% |
| Change over five years | - | - | 89.5% | -47.2% | 61.1% | -43.3% | 88.7% | -40.8% |
| Change over ten years | 220.0% | -42.9% | 120.6% | -60.4% | 106.6% | -74.8% | 145.9% | -70.4% |
Source: Land Registry
May 13, 2017
