Covering the heartlands of Battersea Park, Battersea, Balham, Clapham, East Putney, West Putney, Southfields & Earlsfield, Hammersmith, Shepherd’s Bush, Pimlico & Westminster and Fulham, the D&G Emerging Prime Index is always a good one to keep an eye on.
The Q2 2015 reading was up 1.33% against 0.18% last quarter but remains 0.84% below where it was 12 months ago.
December’s stamp duty rejig has kept things robust in the lower tiers, but prices of larger houses in these areas remain “muted” and in some places down 10% year on year, according to the research team.
Outer areas appear to have led the way, with Southfields and Clapham up 3.97% and 3.45% respectively; average nominal prices in these outer-lying locations are now back to where they were 12 months ago (albeit following a weak H2 2014).
Good rental growth of 1.65% was recorded, although D&G expects this to slow as the sales market picks up