Sales Market Update 2018

Feb 2018

What happened in 2017?

We are pleased to say that through three quarters of 2017 activity levels proved to be buoyant after the slow-down in 2016 due to the vote to leave the EU. The only period this was not the case was during the second quarter and was due to the calling of the snap general election. Outside of this we saw 2017 approached with a realistic confidence which kept the average capital value only 3% below the high of 2015. Whilst other areas in London have reported more of a cooling effect, Hackney has mostly continued to shake off the challenging conditions thanks to the ever increasing popularity of the area helping to keep interest levels high.

Our thoughts on 2018

Looking forward to 2018, it is our belief that the market will continue to present owners and buyers a steady and stable environment to deal within. Property will always prove to be a good investment but in these interesting times please feel free to contact us for an up to date market view and to go through market factors in more detail.

The market historically

The local market reached its previous height in 2007 before dropping in 2008/9 by 13%. In 2010 the market started to recover and values equalled those of the peak of 2007 in the second half of 2011. Property values then continued to rise until 2016.

Yearly price movement

2007    +10%

2008    -6%

2009    -7%

2010    +4%

2011    +11%

2012    +9%

2013    +19%

2014    +9%

2015    +9%

2016    0%

2017    -3%