{"id":893,"date":"2022-07-15T11:54:09","date_gmt":"2022-07-15T10:54:09","guid":{"rendered":"https:\/\/www.benhams.com\/press-release\/?p=893"},"modified":"2022-12-26T05:56:39","modified_gmt":"2022-12-26T05:56:39","slug":"prime-london-property-values-increased","status":"publish","type":"post","link":"https:\/\/www.benhams.com\/press-release\/london-property-market\/prime-london-property-values-increased\/","title":{"rendered":"Prime property values increase by as much as \u00a3808 per day over the last year"},"content":{"rendered":"

\"ResearchResearch from London lettings and estate agent, Benham and Reeves, has found that prime London property values have increased by \u00a3285 per day over the last year, with this daily rate of house price appreciation climbing to \u00a3808 per day in the best performing areas. <\/p>\n

The analysis of London\u2019s 28 most prestigious pockets of the property market found that, on average, prime London homes are now commanding over \u00a31.1m in the current market, up 10.3% in the last year alone. This equates to a total increase in value of \u00a3103,874 in just 12 months, meaning homeowners have seen an increase to the tune of \u00a3285 each and every single day over the last year. <\/p>\n

Knightsbridge has seen the best performance in this respect. The average value of a home has climbed by 20.7% in the last year to just over \u00a31.7m. As a result, homeowners in the neighbourhood have enjoyed a \u00a3808 daily rate of house price appreciation. <\/p>\n

Chelsea is hot on the heels of Knightsbridge, where house prices have increased at \u00a3743 per day in the last year, now averaging just over \u00a31.65m. <\/p>\n

Prime homeowners in Victoria (+\u00a3575 per day) and St John\u2019s Wood (+\u00a3510 per day) have enjoyed a daily increase of over \u00a3500, with Notting Hill also making the top five with an increase of \u00a3495 per day. <\/p>\n

Other areas where house prices have seen the largest daily rate of increase include Kensington, Highgate, Fulham, Barnes and Chiswick. <\/p>\n

In fact, just one area of the prime market has failed to yield a daily uplift in value. The average house price in Canary Wharf has actually declined by -1.8% in the last year. This \u00a311,031 reduction in property values equates to a loss of \u00a330 per day. <\/p>\n

Director of Benham and Reeves, Marc von Grundherr, commented:<\/strong><\/p>\n

\u201cWe\u2019ve been highlighting the returning health of London\u2019s top tier property market for quite some time now and the proof of this return to form is very much in the pudding. <\/p>\n

Over the last year, property values have climbed almost across the board, with Canary Wharf being the only exception, and no doubt still thawing from the pandemic freeze that saw demand from professional buyers plummet. <\/p>\n

In the vast majority of neighbourhoods, we\u2019re not just seeing incremental gains, we\u2019re seeing some really quite notable increases in value. So much so, that the average homeowner is seeing the value of their property climb by hundreds of pounds a day. <\/p>\n

This has largely been driven by foreign demand, with travel restrictions and Covid protocols no longer complicating the process of purchasing a primary or secondary residence within the capital.\u201d<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Area<\/th>\n Prime category<\/th>\n Ave price – Jul 2021<\/th>\n Ave price – Jul 2022<\/th>\n Difference annual \u00a3<\/th>\n Difference annual %<\/th>\n Difference \u00a3 per day<\/th>\n<\/tr>\n
Knightsbridge<\/td>\n Prime C London<\/td>\n \u00a31,427,279<\/td>\n \u00a31,722,320<\/td>\n \u00a3295,041 <\/td>\n20.7%<\/td>\n \u00a3808<\/td>\n<\/tr>\n
Chelsea<\/td>\n Prime C London<\/td>\n \u00a31,383,994<\/td>\n \u00a31,655,185<\/td>\n \u00a3271,191<\/td>\n 19.6% <\/td>\n\u00a3743<\/td>\n<\/tr>\n
Victoria<\/td>\n Prime C London<\/td>\n \u00a31,240,853 <\/td>\n\u00a31,450,597 <\/td>\n\u00a3209,744 <\/td>\n16.9%<\/td>\n \u00a3575<\/td>\n<\/tr>\n
St John\u2019s Wood<\/td>\n Prime C London<\/td>\n \u00a3974,781<\/td>\n \u00a31,160,780<\/td>\n \u00a3185,999<\/td>\n 19.1%<\/td>\n \u00a3510<\/td>\n<\/tr>\n
Notting Hill<\/td>\n Prime C London<\/td>\n \u00a31,167,808<\/td>\n \u00a31,348,594<\/td>\n \u00a3180,786<\/td>\n 15.5% <\/td>\n\u00a3495<\/td>\n<\/tr>\n
Kensington<\/td>\n Prime C London<\/td>\n \u00a31,589,328<\/td>\n \u00a31,757,245 <\/td>\n\u00a3167,917<\/td>\n 10.6%<\/td>\n \u00a3460<\/td>\n<\/tr>\n
Highgate<\/td>\n Prime NW London<\/td>\n \u00a3827,487 <\/td>\n\u00a3986,656 <\/td>\n\u00a3159,169<\/td>\n 19.2%<\/td>\n \u00a3436<\/td>\n<\/tr>\n
Fulham<\/td>\n Prime SW London<\/td>\n \u00a3873,612<\/td>\n \u00a31,028,912 <\/td>\n\u00a3155,300<\/td>\n 17.8%<\/td>\n \u00a3425<\/td>\n<\/tr>\n
Barnes<\/td>\n Prime SW London<\/td>\n \u00a31,199,691 <\/td>\n\u00a31,351,982 <\/td>\n\u00a3152,291 <\/td>\n12.7% <\/td>\n\u00a3417<\/td>\n<\/tr>\n
Chiswick<\/td>\n Prime SW London<\/td>\n \u00a3810,894 <\/td>\n\u00a3946,204<\/td>\n \u00a3135,310<\/td>\n 16.7%<\/td>\n \u00a3371<\/td>\n<\/tr>\n
Holland Park<\/td>\n Prime C London<\/td>\n \u00a31,427,773<\/td>\n \u00a31,559,434<\/td>\n \u00a3131,661<\/td>\n 9.2%<\/td>\n \u00a3361<\/td>\n<\/tr>\n
Richmond<\/td>\n Prime SW London<\/td>\n \u00a3796,011 <\/td>\n\u00a3919,792 <\/td>\n\u00a3123,781<\/td>\n 15.6% <\/td>\n\u00a3339<\/td>\n<\/tr>\n
Hampstead<\/td>\n Prime NW London<\/td>\n \u00a31,023,716<\/td>\n \u00a31,144,059<\/td>\n \u00a3120,343<\/td>\n 11.8%<\/td>\n \u00a3330<\/td>\n<\/tr>\n
Belgravia<\/td>\n Prime C London<\/td>\n \u00a31,012,698<\/td>\n \u00a31,109,480<\/td>\n \u00a396,782 <\/td>\n9.6%<\/td>\n \u00a3265<\/td>\n<\/tr>\n
Pimlico<\/td>\n Prime C London<\/td>\n \u00a31,012,698<\/td>\n \u00a31,109,480<\/td>\n \u00a396,782 <\/td>\n9.6%<\/td>\n \u00a3265<\/td>\n<\/tr>\n
Regents Park<\/td>\n Prime C London<\/td>\n \u00a3783,501<\/td>\n \u00a3877,960<\/td>\n \u00a394,459 <\/td>\n12.1%<\/td>\n\u00a3259<\/td>\n<\/tr>\n
Wandsworth<\/td>\n Prime SW London<\/td>\n \u00a3669,872<\/td>\n \u00a3732,890<\/td>\n \u00a363,018<\/td>\n 9.4% <\/td>\n\u00a3173<\/td>\n<\/tr>\n
Battersea<\/td>\n Prime SW London<\/td>\n \u00a3760,029 <\/td>\n\u00a3822,298<\/td>\n \u00a362,269<\/td>\n 8.2%<\/td>\n \u00a3171<\/td>\n<\/tr>\n
Maida Vale<\/td>\n Prime C London<\/td>\n \u00a3755,214<\/td>\n \u00a3817,185<\/td>\n \u00a361,971<\/td>\n 8.2% <\/td>\n\u00a3170<\/td>\n<\/tr>\n
Wimbledon<\/td>\n Prime SW London<\/td>\n \u00a3683,143<\/td>\n \u00a3714,743<\/td>\n \u00a331,600<\/td>\n 4.6% <\/td>\n\u00a387<\/td>\n<\/tr>\n
Islington <\/td>\nPrime N London<\/td>\n \u00a3691,723<\/td>\n \u00a3720,550<\/td>\n \u00a328,827<\/td>\n 4.2% <\/td>\n\u00a379<\/td>\n<\/tr>\n
Clapham<\/td>\n Prime SW London<\/td>\n \u00a3687,747 <\/td>\n\u00a3712,349 <\/td>\n\u00a324,602<\/td>\n 3.6% <\/td>\n\u00a367<\/td>\n<\/tr>\n
Wapping<\/td>\n Prime E London<\/td>\n \u00a3534,674<\/td>\n \u00a3552,092<\/td>\n \u00a317,418<\/td>\n 3.3%<\/td>\n \u00a348<\/td>\n<\/tr>\n
Putney<\/td>\n Prime SW London<\/td>\n \u00a3672,971<\/td>\n \u00a3690,112<\/td>\n \u00a317,141 <\/td>\n2.5%<\/td>\n \u00a347<\/td>\n<\/tr>\n
Marylebone<\/td>\n Prime C London<\/td>\n \u00a31,439,074<\/td>\n \u00a31,454,781<\/td>\n \u00a315,707<\/td>\n 1.1% <\/td>\n\u00a343<\/td>\n<\/tr>\n
Fitzrovia <\/td>\nPrime C London<\/td>\n \u00a31,543,491<\/td>\n \u00a31,555,807<\/td>\n \u00a312,316<\/td>\n 0.8%<\/td>\n \u00a334<\/td>\n<\/tr>\n
Mayfair <\/td>\nPrime C London<\/td>\n \u00a31,541,642<\/td>\n \u00a31,549,727 <\/td>\n\u00a38,085 <\/td>\n0.5%<\/td>\n\u00a322<\/td>\n<\/tr>\n
Canary Wharf<\/td>\n Prime E London<\/td>\n \u00a3603,944<\/td>\n \u00a3592,913<\/td>\n -\u00a311,031<\/td>\n -1.8%<\/td>\n -\u00a330<\/td>\n<\/tr>\n
Average<\/th>\n \u00a31,004,845<\/th>\n \u00a31,108,719<\/th>\n \u00a3103,874<\/th>\n 10.3%<\/th>\n \u00a3285<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Research from London lettings and estate agent, Benham and Reeves, has found that prime London property values have increased by \u00a3285 per day over the last year, with this daily rate of house price appreciation climbing to \u00a3808 per day in the best performing areas. The analysis of London\u2019s 28 most prestigious pockets of the … <\/p>\n

Continue reading “Prime property values increase by as much as \u00a3808 per day over the last year”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[463],"tags":[],"class_list":["post-893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-london-property-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/comments?post=893"}],"version-history":[{"count":3,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/893\/revisions"}],"predecessor-version":[{"id":1019,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/893\/revisions\/1019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media\/895"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media?parent=893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/categories?post=893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/tags?post=893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}