X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • London Property Market

    Analysis of London boroughs - housing demand



    The latest research by Property Tribes' partner and leading flatshare platform, ideal flatmate, has looked at where is home to the least number of homes to support the local population across each London borough.

    Using data from the London Datastore, ideal flatmate looked at the population and the total number of dwellings for each borough before looking at which borough was home to the lowest percentage of homes in London, as well as which has the lowest ratio when it comes to homes per capita.

    When it comes to the amount of straight up homes, the City of London is predictably home to the lowest with just 0.18% of all London properties located within its boundaries.

    Kingston is home to the second lowest with just 1.9% of the capital’s total homes in the borough, with Barking and Dagenham, Sutton and Merton also amongst some of the lowest where volumes of housing are concerned.

    However, while the amount of homes is one thing, the population of those reliant on housing in each borough is a main contributing factor to how crowded these local London property markets are.

    With this considered, Newham is London’s most crowded borough with a population of just under 350,000 people reliant on just 112,628 dwellings in the borough, resulting in a dwellings per capita ratio of just 0.33 - in other words there roughly just one-third of a property available for every one person that resides in Newham.

    Redbridge was the next most crowded borough with a dwellings per capita ratio of 3.4, with Barking and Dagenham, Brent, Harrow, Hillingdon, Hounslow, Waltham Forest, Enfield, Ealing, Kingston, Barnet and Tower Hamlets all home to a dwellings per capita ratio of less than 0.4.

    While prime central London is used to topping tables around affordability, the higher price tags do mean they are some of the least crowded boroughs in London, with Kensington and Chelsea (0.56) and Westminster (0.51) home to a ratio of over half a property per person living in the borough. Hammersmith and Fulham, Wandsworth and Islington are also amongst some of the capita’s roomiest boroughs where property and population are concerned.

    Co-founder of ideal flatmate, Tom Gatzen, commented:

    “There’s obviously a clear correlation between the amount you pay either to buy or rent and the space you get for your money, but for those of us that don’t live in the high-end bliss of prime central London, it’s actually quite dire reading when it comes to the ratio of property available to people that need a roof over their head.

    It’s no revelation that we aren’t building enough homes and while actual space is part of the issue in areas such as London, this research highlights just how overcrowded things are becoming in the capital.

    No wonder then, that we’ve seen an increase in the acceptance of shared living, particularly in our major cities. While cost saving is the driving factor due to the price of renting or buying, coupled with the cost of living in general, there simply aren’t enough homes available to house everyone individually even if we wanted to.

    While we’re big fans of co-living and the positives it brings, failure to address this lack of stock is going to see both house prices and the cost of renting continue to spiral out of reach for the average tenant or homebuyer.”

    Borough

    Population

    Number of dwellings

    London total dwellings

    Percentage of dwellings

    Dwellings per capita

    Newham

    344,533

    112,628

    3,524,438

    3.20%

    0.33

    Redbridge

    301,328

    103,462

    3,524,438

    2.94%

    0.34

    Barking and Dagenham

    208,182

    74,510

    3,524,438

    2.11%

    0.36

    Brent

    326,427

    118,013

    3,524,438

    3.35%

    0.36

    Harrow

    248,697

    89,980

    3,524,438

    2.55%

    0.36

    Hillingdon

    299,899

    108,935

    3,524,438

    3.09%

    0.36

    Hounslow

    268,270

    99,824

    3,524,438

    2.83%

    0.37

    Waltham Forest

    274,222

    102,317

    3,524,438

    2.90%

    0.37

    Enfield

    332,127

    125,369

    3,524,438

    3.56%

    0.38

    Ealing

    344,802

    132,094

    3,524,438

    3.75%

    0.38

    Kingston upon Thames

    173,703

    66,924

    3,524,438

    1.90%

    0.39

    Barnet

    384,774

    148,529

    3,524,438

    4.21%

    0.39

    Tower Hamlets

    300,943

    118,012

    3,524,438

    3.35%

    0.39

    Haringey

    272,078

    107,620

    3,524,438

    3.05%

    0.40

    Greenwich

    279,139

    110,983

    3,524,438

    3.15%

    0.40

    Hackney

    273,239

    108,770

    3,524,438

    3.09%

    0.40

    Bexley

    245,095

    97,628

    3,524,438

    2.77%

    0.40

    Havering

    253,371

    101,716

    3,524,438

    2.89%

    0.40

    Merton

    206,706

    83,649

    3,524,438

    2.37%

    0.40

    Sutton

    201,945

    82,281

    3,524,438

    2.33%

    0.41

    Croydon

    383,301

    157,394

    3,524,438

    4.47%

    0.41

    Camden

    249,162

    103,826

    3,524,438

    2.95%

    0.42

    Lewisham

    298,903

    125,961

    3,524,438

    3.57%

    0.42

    Bromley

    327,580

    138,422

    3,524,438

    3.93%

    0.42

    Southwark

    311,655

    132,152

    3,524,438

    3.75%

    0.42

    Lambeth

    323,063

    138,745

    3,524,438

    3.94%

    0.43

    Richmond upon Thames

    195,187

    84,759

    3,524,438

    2.40%

    0.43

    Islington

    232,055

    102,457

    3,524,438

    2.91%

    0.44

    Wandsworth

    321,497

    143,915

    3,524,438

    4.08%

    0.45

    Hammersmith and Fulham

    181,783

    86,609

    3,524,438

    2.46%

    0.48

    Westminster

    241,974

    123,366

    3,524,438

    3.50%

    0.51

    Kensington and Chelsea

    156,773

    87,276

    3,524,438

    2.48%

    0.56

    City of London

    7,246

    6,313

    3,524,438

    0.18%

    0.87

    Don't forget : You can list your property for rent in London on Ideal Flatmate, the capital's fastest growing portal for rentals.

    What do you think of this data and how are you finding tenant demand and rents in London?

    SEE ALSO  -          London rents soar 3% in three months

    UP NEXT -              Why I still believe in BTL in London

    DON'T MISS -         Spotlight: London investment property market

    NOW WATCH:

    0
    0

    Thank you for sharing Vanessa, very informative as usual.

    0
    0

    Transparency notice: OneandOnlyPro is a commercial partner of Property Tribes.