Responding to a weak property market
In December I looked at how recent events have shaped the property market in London SW10. If short-distance moves are off the table in the current climate, how are property owners responding? When sales are weak, are planning applications in the ascendency? I applied data science techniques to Royal Borough of Kensington and Chelsea (RBKC) planning data to find out.
Continue reading “SW10 digs deep”
The anatomy of SW10
Analyses of house sales often focus on the wider UK market. In this blog, we’ll take a deep dive into one of London’s more-than 100 postcode districts. We’ll draw on 10,000 property transactions to see how key events have shaped the market. The object of our focus will be SW10 which forms part of the Royal Borough of Kensington and Chelsea.
We’ll start with the anatomy of SW10 per the chart below. Over 80% of property transactions were for leasehold flats / maisonettes. In contrast, detached freehold properties are a prized scarcity: Only 40 of the circa 10k transactions, over the past 20 years, were for detached properties. Continue reading “House sales in London SW10 take a few punches”