SE8

Market Trends

The size of the property market in SE8 is 9972 homes.

When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 13.6%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth, and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends.

The average property in this postcode district was valued at £232053 over the last 3 months.

When examining the ability of consumers to further extend themselves in the face of increasing property prices, many commentators pay close attention to the price earnings ratio. Price Earnings Ratio in this postcode district is 10.8.

New transactions as a percentage of overall sales are 26.2%.

Housing Stock

  • Over half of the properties in the area are Flats, at 75.1% of the total housing stock.
  • The least common type of property in this area is Detached Houses (1.5% of the total housing stock).
  • The property in this area caters well for retirees and young couples who do not have large families.
  • A high proportion of property in this area is socially rented.
  • A lower than average proportion of property in this area is owner occupied. This suggests that there is a very healthy rental market.
  • The average price of a two bed property in this area is higher than the national average of £187894 at £294378.

Who Lives Here

  • The population of this postcode district is 22759.
  • The average age in this area is 30.
  • Single people make up 49.8% of the population in this postcode district.
  • Average working hours in this area for men are 40 and for women are 34.
  • This is one of the most densely populated places in the country, with 85.8 people per square kilometre.
  • This area has high unemployment at 7.5%. Those in work tend to find jobs in the Real Estate or Wholesale & Retail sectors.