Property Price Market Update April 2010

Quick snap shot:

April's figures back up our forecast that the second half of 2010 will show house price growth curbed. To date, property price reports have been comparing 2010 versus a poor performance in 2009, from April 2009, the property market showed signs of recovery. As a result, it's much tougher for the figures to show a growth versus last year as sales, prices and the number of buyers has clearly slowed down.   

If you have any queries or comments on our property reports contact us on 0845 838 1763 or email enquiries@designsonproperty.co.uk. We can also help you value your own home if you need an independent view of how to value the property.

What's Happening in my Area? 
More than ever before, regional property markets are reacting very differently to the 'averages' that we see quoted in the media.

Currently, the best performing region is London which isn't unusual as London is quite a wealthy area, has the worst supply versus demand and what' really making difference is international buyers taking advantage of low prices AND great exhange rates.    

Land Registry shows London with a 13% increase in prices year on year and over 1.6% month on month. Leading performing areas in the London property market include Chelsea and Kensington which is +20.6% YoY, +3.6% month on month. With Richmond growing 15.7% YoY, up 1.4% month on month. Camden and Hammersmith and Fulham are also performing well. 

The Bristol property market is also performing well with prices up 11.4% YoY, with Poole. Portsmouth and Bournemouth not far behind. 

Merthry Tyfil in Wales is the worst performing property market with prices DOWN by 11.4% YoY. However here is how the region you are in can differ. In comparison Swansea is bucking the downward Welsh trend with prices up by 9.5% YoY and over 3% month on month. Overall, Wales is down by 1.2% YoY.

Other poor performing property markets include Hartlepool and Blackpool also showing 7-8% property price declines.

Property type wise, the biggest growth in volume is now the £500,000+ market with sales volume up by up to 150%. This is mostly driven by London's growth, which in turn is benefiting from a big uplift in international buyers who spend in the high price brackets and areas.   

To find out more about what's happening in your local area, checkout how many boards are 'sold' versus 'for sale'. You can either do this yourself or checkout our For Sale Sign Analysis information below to see if  your area is covered.

Click here for Best Performing Areas
Including: Berkhamsted, Wallington and Havant.

Click here for Average Performing Areas
Including: Melksham, Bitterne and Bourne.

Click here for Worst Performing Areas
Including: Gainsborough, Doncaster and Chippenham.

Want FSSA data for your particular area? Then call 0845 308 2004 or email enquiries@designsonproperty.co.uk


Best Performing Areas

Average Performing Areas