Tower Hamlets Inner London
Snapshot: n 1,150 units sold in 2012; up 90% from 2011 (604 units) n 32 of the 54 schemes in the construction pipeline saw units sold or allocated during 2012 n Average capital value was the second lowest among the Inner boroughs, as was the average £/sq ft
Table 4: Tower Hamlets 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** 54 4,066 Headline numbers for active units:
38% 55% 31% 62% 47%
*all units that were not sold **% of pipeline total
sold prior 2012 un-sold
un-launched allocated to rental, RSL, bulk investment purchase
sold in 2012 1,150 391 397 850 225
Private schemes/phases active in pipeline schemes
32 units 3,013 Key averages:
latest capital value (1,2,3 beds) sq ft size
Individual investors: acquired for investment
number of sales investor % taken from:
Table 5: Tower Hamlets 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)
Tower Hamlets Inner London Prime London All London
2012 577 838
1,696 628
Average price (£/sq ft) 2011 553 763
1,519 594
% change 4.3% 9.8%
11.6% 5.7%
2012 443 687
1,823 500
Average price (£'000) 2011 419 615
1,536 451
% change 5.7%
11.7% 18.6% 10.8%
Table 6: Tower Hamlets 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
£159 £187 £199 £258 £308 £232 £286 £373 £329 £335 £291 £372 £336
1 bed (£/sq ft) Ave
£321 £361 £413 £441 £427 £447 £531 £652 £634 £547 £574 £532 £588
Max
£476 £574 £736 £670 £661 £799 £975
£1,009 £1,011 £868 £889 £761
£1,213 Min
£124 £188 £200 £268 £248 £243 £269 £274 £312 £357 £339 £259 £324
2 bed (£/sq ft) Ave
£308 £322 £387 £411 £384 £411 £532 £553 £578 £538 £484 £522 £556
Max
£878 £549 £822 £823 £809 £909
£1,089 £1,598 £1,598 £1,303 £1,063 £1,001 £1,322
Min
£132 £185 £307 £297 £250 £283 £296 £347 £379 £337 £257 £292 £309
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3 bed (£/sq ft) Ave
£429 £329 £447 £432 £499 £439 £572 £577 £673 £457 £500 £559 £519
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Max
£2,144 £524 £725 £856
£1,256 £940
£1,103 £1,429 £1,429 £626
£1,265 £1,120 £1,511
O 61
2012 768 820
1,075 796
Average size (sq ft) 2011 757 806
1,012 759
% change 1.4% 1.7% 6.2% 4.8%
5.7% 1.4%
36% 1,110 Pricing Initial average £/sq ft
1 beds 10.5% 2 beds
6.5% 3 beds -7.1%
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