Southwark Inner London


Snapshot: n 491 units sold in 2012; up 37% from 2011 (359 units) n 20 of the 45 schemes in the construction pipeline saw units sold or allocated during 2012


n Average capital value was ranked third lowest, and average £/sq ft was ranked fourth lowest, among the Inner boroughs


Table 4: Southwark 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** 45 1723 Headline numbers for active units:


38% 51% 33% 62% 51%


*all units that were not sold **% of pipeline total


sold in 2012 491 sold prior 2012 167 un-sold 110


allocated to rental, RSL, bulk investment purchase


un-launched 150 73


Private schemes/phases active in pipeline schemes


20 units 991 Key averages:


latest capital value (1,2,3 beds) -6.4% sq ft size -0.8%


Individual investors: acquired for investment


number of sales investor % taken from:


Table 5: Southwark 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)


Southwark


Inner London Prime London All London


2012 700 838


1,696 628


Average price (£/sq ft) 2011 742 763


1,519 594


% change -5.6% 9.8%


11.6% 5.7%


2012 547 687


1,823 500


Average price (£'000) 2011 585 615


1,536 451


% change -6.4% 11.7% 18.6% 10.8%


Table 6: Southwark 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


£192 £195 £219 £232 £202 £250 £354 £327 £233 £441 £430 £319 £412


1 bed (£/sq ft) Ave


£272 £312 £376 £385 £430 £443 £527 £509 £515 £580 £577 £616 £604


Max


£390 £508 £662 £697 £586 £708 £761 £810 £806 £918


£1,187 £1,013 £1,577


Min


£191 £148 £208 £203 £202 £186 £210 £298 £231 £388 £354 £291 £352


2 bed (£/sq ft) Ave


£297 £310 £343 £365 £390 £423 £474 £479 £473 £552 £752 £656 £524


Max


£444 £501


£1,099 £974 £722 £880


£1,011 £916 £916 £905


£1,834 £1,681 £1,527


Min


£151 £154 £169 £193 £195 £196 £207 £302 £247 £494 £373 £273 £365


Find out more about EGi London Residential Research and how it can help your business: visit www.estatesgazette.com/london-residential


3 bed (£/sq ft) Ave


£271 £306 £332 £327 £421 £334 £397 £443 £432 £635


£1,009 £853 £736


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Max


£782 £714 £981 £785 £818 £588 £585 £760 £880


£1,063 £1,980 £1,932 £2,079


O 56


2012 781 820


1,075 796


Average size (sq ft) 2011 788 806


1,012 759


% change -0.8% 1.7% 6.2% 4.8%


47% 601


Pricing Initial average £/sq ft 1 beds -1.9%


2 beds -20.1% 3 beds -13.7%


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