City of London Inner London


Snapshot: n 68 units sold in 2012; down 24% from 2011 (84 units) n Four of the five schemes in the construction pipeline saw units sold or allocated during 2012 n Average capital value was the third highest among the Inner boroughs, as was the average £/sq ft


Table 4: City of London sales & pricing headline figures 2012 Developments of 10 units or more


Sales rates Construction pipeline total


schemes units


Percentage of pipeline: sold


- completion


- under construction un-sold*


un-launched** 5 486 Headline numbers for active units:


56% 64% 55% 44% 23%


*all units that were not sold **% of pipeline total sold in 2012 un-launched allocated to rental, RSL, bulk investment purchase 68


sold prior 2012 202 un-sold


43 75 61


Private schemes/phases active in pipeline schemes


4 units 449 Key averages: latest capital value (1,2,3 beds)


Individual investors: acquired for investment


number of sales investor % taken from: 8.6% sq ft size -6.8%


24% 270


Pricing Initial average £/sq ft 1 beds -0.6%


2 beds -5.3% 3 beds 44.1%


Table 5: City of London key averages 2011-2012 Developments of 10 units or more – calculations based on sample units with both latest price and size only (1, 2 & 3 beds combined)


City


Inner London Prime London All London


2012 1,361 838


1,696 628


Average price (£/sq ft) 2011 1,166 763


1,519 594


% change 16.7% 9.8%


11.6% 5.7%


2012 1,278 687


1,823 500


Average price (£'000) 2011 1,176 615


1,536 451


% change 8.6%


11.7% 18.6% 10.8%


Table 6: City of London initial pricing 2000-2012 (£ per sq ft) Developments of 10 units or more – calculations based on sample units with both initial price and size only


Date 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012


Min


£378 £414 £482 £520 £503 £512 £583 £640 £640 £882


£1,020 £1,285 £1,392


1 bed (£/sq ft) Ave


£432 £435 £586 £587 £584 £621 £672 £955 £907


£1,016 £1,210 £1,432 £1,423


Max


£523 £459 £646 £677 £678 £703 £750


£1,083 £1,083 £1,056 £1,516 £1,587 £1,451


Min


£252 £402 £488 £465 £536 £420 £588 £601 £837 £923 £896


£1,182 £1,015


2 bed (£/sq ft) Ave


£404 £418 £643 £540 £536 £520 £689 £934


£1,024 £943


£1,111 £1,336 £1,265


Max


£603 £433 £900 £648 £536 £699 £784


£1,419 £1,301 £978


£1,318 £1,785 £1,400


Min £362


3 bed (£/sq ft) Ave


£439 Max £503


2012 939 820


1,075 796


Average size (sq ft) 2011 1,008 806


1,012 759


% change -6.8% 1.7% 6.2% 4.8%


£441 £715


£1,365 £1,364 £1,005 £1,006 £1,091 £1,416


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