Political and Brexit uncertainty over 2019
deterred potential vendors and resulted in a
decline in the supply of new properties listed
to sell. This pushed the ratio of buyers to
properties listed to its highest level for five
years, although wider market sentiment kept
activity levels low and pricing in check. Since
the election, there have been signs of
momentum and activity building in the market.
ZONE 1
ZONE 2
ZONES 3-6
SUPPLY
ANNUAL CHANGE METRICS 2019 VS 2018
DEMAND ACTIVITY AVERAGE PRICES
-35.6%
-35.7%
-26.7%
-31.8%
14.7%
3.6%
-3.7%
1.7%
-10.3%
-8.8%
-11.8%
-11.0%
-2.4%
-1.1%
-1.1%
-0.5%
TRAVEL
ZONES
change in new instructions change in buyer registrations all market sales (Jan to Oct 2019) average prices achieved
2010
Temporary first-time
buyer stamp duty break
for properties up to
£250,000 introduced
2012
New 7% stamp
duty rate for
properties over
£2m is introduced
First-time buyer
stamp duty break
comes to an end
Foxtons Foxtons Land Registry Foxtons
2011
Foxtons first 'event
let' is agreed in
Stratford for the
London Olympics
2014
2013
Foxtons help establish Safe
Agent, an accreditation scheme
focused on consumer protection,
and client money protection.
100,000th
lettings deal
agreed at Foxtons
in Kingston
Source:
Land Registry
Source:
Foxtons
Source:
Foxtons
Source:
Foxtons
The London Report | London's sales market 15