For 2016 details - London Property Market 2016
Story Highlights
- London in 2015 had total property sales of £82 billions
- The total number of property sold in London in 2015 was 128,206
- The average sales price in London was £636 K where as median was £399 K
- The sales value contributed by New Property was £8.87 billions (10.87%) where as Not New Property contribute £72.668 billions (89.13 %)
- London Region Distribution in 2015 can be found here.
London or Greater London is the capital and most populous city of England and United Kingdom. It is a region in England and organized into 33 administrative units: the 32 London Boroughs and the City of London.
The 33 boroughs are broadly divided into 5 regions : Central London, East London , North London , South London , West London .
- Central London comprises of Camden, City of London, Westminster, Islington, Kensington & Chelsea, Lambeth and Southwark.
- East London comprises of Barking and Dagenham, Lewisham, Newham, Redbridge, Tower Hamlets, Waltham Forest, Bexley, Greenwich , Hackney, Havering.
- North London comprises of Barnet, Enfield and Haringey.
- South London comprises of Bromley, Croydon, Kingston upon Thames, Merton, Sutton ,Wandsworth.
- West London comprises of Brent, Ealing, Hammersmith & Fulham, Harrow, Hillingdon, Hounslow, Richmond upon Thames.
Total Sales By London Region
The total property sales in London was approx. £82 billions. It was 27.62% of the England and Wales Property Market 2015.
Region wise Split of London property market 2015 was :
Total Value of Sales By Property Types
The split of £82 billions across the different property types are:
- Flat/Maisonette £33.9 billions (41.62%)
- Terraced £19.88 billions (24.38 %)
- Other £12.87 billions (15.78%)
- Semi-Detached £9.43 billions (11.57%)
- Detached 5.42 billions (6.65%).
Total Number Of Sales By Property Types
The total number of properties sold in London in 2015 was 128,206. It is split as:
- Flat/Maisonette 70,544 (55.02%)
- Terraced 32,873 (25.64%)
- Semi-Detached 16,070 (12.53%)
- Detached 5,707 (4.45%)
- Other 3012 (2.35%).
Average & Median Sales Price
The average sales price in London was £636 K. For the different property types it was:
- Detached £950 K
- Semi-Detached £587 K
- Terraced £605 K
- Flat/Maisonette £481 K
- For Other it is £4.27 millions
Similarly the median sales price in London was £399 K. For the different property types it was:
- Detached £695 K
- Semi-Detached £426 K
- Terraced £410 K
- Flat/Maisonette £359 K
- For Other it is £802 K.
Average & Median Sales Price By London Regions
The Average Sales Price By London Regions was
The Median Sales Price By London Regions was
New Vs Not New Property Statistics
By Value Of Sales
- The sales value contributed by New Property was £8.87 billions (10.87%)
- Not New Property contributed £72.668 billions (89.13 %).
By Number Of Sales
- New properties sold were 15,544 (12.12%)
- where as not new property sold were 112,662 (87.88%).
All London Posts
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