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Posted on Thursday, February 16, 2017

Sales in Bromley by quarters

It is the time of year when we can reflect on how the last four quarters have performed. Not surprisingly, last quarter of 2015 was the strongest quarter with 614 sales (35.8%) in Bromley. The first quarter of 2016 saw 578 sales, which equates to 33.7%.

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Posted on Thursday, February 16, 2017

Bromley flat and house prices

The last 18 months have seen a seismic shift in the underlying dynamics of the UK economy. While the long term effects of Brexit on property prices remain to be seen, price levels in Bromley remain robust. Prices for flats have increased 12.5% since September 2015 and house prices have increased 18.1% since May 2016.

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Posted on Monday, February 6, 2017

Local wealth bands in Bromley

In Bromley the majority of households are classified as "more comfortable" (35.3% of all households), 3.6% higher than London. The next biggest wealth band is "wealthy" (30.5% of all households), 2.0% higher than London.

Wealthy 30.5%
More comfortable 35.3%
Comfortable 17.0%
Getting started 17.2%

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Posted on Friday, February 3, 2017

Long-term property price review in Bromley

It is the time of year when we can look at how property prices in 2016 fared in comparison to the decade preceding it. With property price data still to come through for the end of the year, our estimates paint a promising picture. The average flat price increased by 6.5% to £303,600 and the average house price increased by 7.3% to £562,500 versus 2015 prices

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Posted on Friday, February 3, 2017

Growth of the Private Rental Sector in Bromley

The PRS (Private Rental Sector) in the UK has grown considerably in both size and importance over the last five years and is now worth a staggering £1.29 trillion. To contextualise, that is 1.29 million stacks of pound coins, with each stack being a million coins high. The PRS now makes up 18% of the housing stock in England alone and is expected to rise to more than a third by 2032

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Posted on Wednesday, January 25, 2017

Sales remain steady in Bromley

The changes in stamp duty and the Brexit vote have made the last 12 months an interesting one.There have been a total of 2,609 sales and we can see that volumes have increased by 18.1% since September 2015. This is stronger than the London region and the national market

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David James is South London’s premier letting agency for flat and house rentals covering all of the Borough of Bromley, Kent and South London. Houses and flats to rent in Bromley and South London - letting, short term or long lease.
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