LONDON, 28 September 2017 — Felicity Young, +44 (0)20 7087 5108
JLL London residential heat maps show the variation in sales prices and rental prices across the breadth of London highlighting huge variations dependent on location.
The latest data, showing analytics for the year June 2017, demonstrate the continued deceleration in the sales and lettings markets in London.
Annual sales price growth was lower in 78% of postcode districts in the year to Q2 2017 compared with the year to Q2 2016, although 87% of postcode districts recorded positive price growth in the year to Q2 2017.
Amongst the locations to see the highest price growth over the last year are postcode districts in east London around Upminster, Rainham and Barkingside. There was also strong price growth around Dartford, south of the Thames. Many of these locations are host to a new wave of gentrification and investment.
The average price for a one bedroom flat across London still ranges from a little under £200,000 up to more than £1m.
Similarly, annual rental growth is also easing. 95% of postcode districts witnessed slower rental growth in the year to Q2 2017 compared with the year to Q2 2016. Rental growth in the year to Q2 2017 was positive in 43% of postcode districts.
Areas with the greatest rental growth over the last year are locations in west London such as around Molesey, Worcester Park and Southall. Areas to the east also feature with regions around Dagenham, Emerson Park, Hornchurch, Stapleford Abbotts and Collier Row seeing strong rental growth.