Story Highlights

• Central London in 2016 had total property sales of £24.68 billions
• City Of Westminster was the leader with £7.29 billions of sale
• The total number of property sold in Central London 2016 was 19,071
• The average sales price in Central London was £1.29 millions 
• The average sales price across its counties was maximum in City of London at £5.65 millions 
• The sales value contributed by New Property was 11.76% where for Not New it was 88.24%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes caused 12% decline in total value of property sales

 

Central London comprises of the Greater London boroughs of Camden, City Of London, Westminster, Islington, Kensington & Chelsea, Lambeth, Southwark

 

 

Total Sales By Borough

  £24.68 billions was the total sales in 2016.It was 32.48% of the London Property Market 2016.

Borough wise split of Central London Property Market 2016 :

• City Of Westminster £7.29 billions (29.53%)
• Kensington And Chelsea £4.64 billions (18.79%)
• Camden £3.5 billions (14.16%)
• Southwark £3.16 billions (12.81%)
• Lambeth £2.65 billions (10.71%)
• Islington £2.24 billions (9.06%)
• City Of London £1.22 billions (4.92%)

 

Year on Year Comparison : Compared to Central London Property Market 2015  in 2016

• Central London had property sales decrease of 12%.
• Only Southwark, Islington had growth in total sales, rest of the boroughs had decline compared to 2015.

 

 

Total Sales By Property Types

The split of £24.68 billions across the different property types are:

• Flat/Maisonette £12.3 billions (50.01%)
• Other £6.65 billions (26.95%)
• Terraced £4.4 billions (17.77%)
• Semi-Detached £820 millions (3.32%)
• Detached £482 millions (1.95%)

 

Year on Year Comparison : Compared to Central London Property Market 2015  in 2016

• All the property type had lower total sales compared to 2015
  
  

  

 

 

Month-wise Break-up of Total Sales

 

Some of the insights based on the £24.68 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £4.94 billions compared to £ 1.7 billions in Feb.
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016.

 

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there does seem to have been some dip in property sales in the immediate aftermath of Brexit.
3. Year on Year the property market for Central London has shown a decline of 11.86% over 2015.

 

 

 

Total Number Of Sales By Property Types

The total number of property sold in Central London 2016 was 19,071. It is split as:

• Flat/Maisonette 14,563 (76.36%)
• Detached 121 (0.63%)
• Semi-Detached 439 (2.3%)
• Terraced 2532 (13.28%)
• Other 1416 (7.42%)

 

Year on Year Comparison : Compared to Central London Property Market 2015  in 2016

• Total sales volume has declined by 3,057 i.e. 13.82
• All property types have shown decline in number of properties sold except property type Other.
• Other has shown significant increase from 932 in 2015 to 1416 in 2016.

 

 

Average & Median Sales Price

 

The average sales price in Central London was £1.29 millions. For the different property types it was:

• Detached £3.98 millions
• Semi-Detached £1.87 millions
• Terraced £1.73 millions
• Flat/Maisonette £848 K
• Other it is £4.70 millions

Similarly the median sales price in Central London was £635 K. For the different property types it was:

• Detached £1.78 millions
• Semi-Detached £1.13 millions
• Terraced £1.03 millions
• Flat/Maisonette £580 K
• Other it is £707 K

 

Year on Year Comparison : Compared to Central London Property Market 2015  in 2016

• All property types had increase in average and median sales price except for other.

 

 

Average & Median Sales Price By Borough

 

In Central London the Average of Sales Price is as above.

• The highest average sales price is in City Of London £5.62 millions
• City Of Westminster £2.14 millions
• Kensington And Chelsea £2.1 millions
• Camden £1.39 millions
• Islington £855 K
• Southwark £812 K
• Lambeth being minimum at £627 K

• The median price was highest for Kensington And Chesea at £1.2 millions
• City Of Westminster £950 K
• City of London £843 K
• Camden £715 K
• Islington £600 K
• Southwark £504 K
• Lambeth being minimum at £500 K

 

Year on Year Comparison : Compared to Central London Property Market 2015  in 2016

• All the boroughs had increase in average sales price except for Kensington And Chelsea, City Of Westminster
• The median property prices for all boroughs have gone up

 

 

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £2.9 billions (11.76%)
• Not New Property contributed £21.78 billions (88.24%)

By Number Of Sales

• New properties sold were 2,722 (14.27%)
• Not new property sold were 16,349 (85.73%)

 

Year on Year Comparison : Compared to Central London Property Market 2015  in 2016

• New property market share in property market has gone up in 2016 over 2015

All London Posts 

 

Story Highlights

• Southwark in 2016 had total property sales of £3.16 billions
• The total number of property sold in Southwark 2016 was 3892
• The average sales price in Southwark was £813 K and the median sales price was £504 K
• The sales value contributed by New Property was 19.84% where as Not New Property contributed 80.16%
• Stamp duty changes caused monthly spike in March
• Brexit and Stamp duty changes have not had impact and total sales value has increased by 9%

 

 

Total Sales By Property Type

Southwark is one of the Boroughs of Central London. It had total Property Sales of £3.16 billions which was 12.81% of Central London Property Market 2016.

The split across the different property types are:

• Terraced £484 millions (15.32%)
• Semi-Detached £115 millions (3.65%)
• Other £797 millions (25.2%)
• Flat/Maisonette £1.7 billions (53.9%)
• Detached £61 millions (1.93%)

Year on Year Comparison : Compared to Southwark Property Market 2015 in 2016

• All the property type had lower total sales compared to 2015 except Others

 

 

Southwark Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
SE1	Bankside, South Bank, Lambeth (part), Southwark, Bermondsey (part), Vauxhall (part), Old Kent Road (part)	Lambeth, Southwark, City of London
SE4	Brockley, Crofton Park	Lewisham, Southwark
SE5	Camberwell, Denmark Hill, Peckham, Brixton (part)	Southwark, Lambeth
SE8	Deptford, Evelyn, Rotherhithe	Greenwich, Lewisham, Southwark
SE11	Kennington, Lambeth (part), Vauxhall (part)	Lambeth, Southwark
SE14	New Cross	Lewisham, Southwark
SE15	Peckham, Nunhead, South Bermondsey (part), Old Kent Road (part)	Lewisham, Southwark
SE16	Rotherhithe, Surrey Quays	Southwark
SE17	Walworth, Kennington (part), Newington	Southwark
SE19	Upper Norwood, Crystal Palace	Bromley, Croydon, Lambeth, Lewisham, Southwark
SE21	Dulwich, Dulwich Village, West Dulwich, Tulse Hill (part)	Lambeth, Southwark
SE22	East Dulwich, Dulwich Village (part), Peckham Rye, Loughborough Junction, Herne Hill	Southwark
SE23	Forest Hill, Honor Oak, Crofton Park (part)	Lewisham, Southwark
SE24	Herne Hill, Tulse Hill (part), Dulwich (part)	Lambeth, Southwark
SE26	Sydenham, Crystal Palace (part)	Bromley, Lewisham, Southwark

For property market details at post code level please click on Postcode in the table above.

 

 

Month-wise Break-up of Total Sales

Some of the insights based on the £3.16 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £474 millions  compared to £255 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there does not seem to have been some dip in property sales in the immediate aftermath of Brexit 
3. Year on Year the property market for Southwark has shown a growth of 8.96% over 2015

 

 

Total No Of Properties Sold By Property Type

In Southwark the total number of properties sold in year 2016 was 3892. The breakdown by different property types are:

• Terraced 611 (15.7%)
• Semi-Detached 99 (2.54%)
• Other 208 (5.34%)
• Flat/Maisonette 2936 (75.44%)
• Detached 38 (0.98%)

Year on Year Comparison : Compared to Southwark Property Market 2015 in 2016

• Total sales volume has declined by 708 i.e. 15.4 %
• All the property type had lower sales volume compared to 2015 except Other
• Other has shown growth of 89% in number of sales

 

 

Average & Median Sales Price

In 2015 the Average property price was £813 K in Southwark. The average price for the different property types are:

• Detached £1.61 millions
• Flat/Maisonette £581 K
• Other £3.83 millions
• Semi-Detached £1.17 million
• Terraced £793 K

The Median Price was £504 K. The median property price for the different property types are:

• Detached £1.38 millions
• Flat/Maisonette £455 K
• Other £909 K
• Semi-Detached £1 millions
• Terraced £760 K

 

Year on Year Comparison : Compared to Southwark Property Market 2015 in 2016

• Property types Detached , Other have had decrease in average and median property prices
• Flat, Semi-Detached, Terraced have had increase in average and median property price

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.54 billions (80.16%)
• New Property £628 millions (19.84%)

By Number Of Sales

• The number of Not New Property sold was 3157 (81.12%)
• The number of New Properties sold was 735 (18.88%) 

 

Year on Year Comparison : Compared to Southwark Property Market 2015 in 2016

• New property market share in property market has gone up in 2016 over 2015

 All London Posts

Story Highlights

• Lambeth in 2016 had total property sales of  £2.65 billions
• The total number of property sold in Lambeth 2016 was 4219
• The average sales price in Lambeth was £627 K and the median sales price was £500 K
• The sales value contributed by New Property was 11.43% where as Not New Property contributed 88.57%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp Duty changes had significant decline of 14.5% in total sales value

 

 

Total Sales By Property Type

Lambeth is one of the Boroughs of Central London. It had total Property Sales of  £2.65 billions which was 10.71% of Central London Property Market 2016.

The split across the different property types are:

• Flat/Maisonette £1.52 billions (57.63%)
• Terraced £622 millions (23.51%)
• Other £262 millions (9.92%)
• Semi-Detached £199 millions (7.54%)
• Detached £37 millions (1.4%)

Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016

• All the property type had lower total sales compared to 2015

 

 

Lambeth Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
SE1	Bankside, South Bank, Lambeth (part), Southwark, Bermondsey (part), Vauxhall (part), Old Kent Road (part)	Lambeth, Southwark, City of London
SE5	Camberwell, Denmark Hill, Peckham, Brixton (part)	Southwark, Lambeth
SE11	Kennington, Lambeth (part), Vauxhall (part)	Lambeth, Southwark
SE19	Upper Norwood, Crystal Palace	Bromley, Croydon, Lambeth, Lewisham, Southwark
SE21	Dulwich, Dulwich Village, West Dulwich, Tulse Hill (part)	Lambeth, Southwark
SE24	Herne Hill, Tulse Hill (part), Dulwich (part)	Lambeth, Southwark
SE27	West Norwood, Gipsy Hill (part)	Lambeth
SW2	Brixton, Brixton Hill, Streatham Hill, Tulse Hill, Clapham Park, Eastern parts of Balham	Lambeth
SW4	Clapham, Stockwell(part)	Lambeth, Wandsworth
SW8	South Lambeth, Vauxhall, Battersea (part), Wandsworth Road, Clapham (part), NW area of Stockwell	Lambeth, Wandsworth
SW9	Stockwell, Brixton (part), Clapham (part), Oval (part)	Lambeth
SW11	Battersea, Clapham South	Lambeth, Wandsworth
SW12	Balham, Clapham South, Wandsworth Common (part)	Lambeth, Wandsworth
SW16	Streatham, Streatham Common, Norbury, Thornton Heath, Streatham Park, Furzedown, Streatham Vale, Mitcham Common, Pollards Hill, Eastfields	Croydon, Lambeth, Merton, Wandsworth

 For property market details at post code level please click on Postcode in the table above.

 

 

 

Month-wise Break-up of Total Sales

 

Stamp Duty Hike Impact

1. March had property sale spike of £446 millions  compared to £209 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

 

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there does seem to have been some dip in property sales after Brexit 
3. Year on Year the property market for Lambeth has shown a decline of 14.51% over 2015

 

 

 

Total No Of Properties Sold By Property Type

 

The total number of property sold in Lambeth was 4219. It is split as:

• Terraced 716 (16.97%)
• Semi-Detached 206 (4.88%)
• Other 173 (4.1%)
• Flat/Maisonette 3095 (73.36%)
• Detached 29 (0.69%)

 

Year on Year Comparison : Compared to Lambeth Property Market 2015 in 2016

• Total sales volume has declined by 16.4 %
• All the property type had lower sales volume compared to 2015 except for others
• Other sales volume has shown growth of 84%

 

 

 

Average & Median Sales Price

In 2016 the Average property price was £627 K in Lambeth . The average price for the different property types are:

• Detached £1.28 millions
• Flat/Maisonette £492 K
• Other £1.52 millions
• Semi-Detached £967 K
• Terraced £868 K

The Median Price was £500 K. The median property price for the different property types are:

• Detached £1.03 millions
• Flat/Maisonette £460 K
• Other £500 K
• Semi-Detached £858 K
• Terraced £793 K

• Year on Year Comparison : Compared to Lambeth Property Market 2015  in 2016

  • All property types have had increase in average sales price except for other
  • All property types have had increase in median sales price 

 

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.34 billions (88.57%)
• New Property £302 millions (11.43%) 

By Number Of Sales

• The number of Not New Property sold was 3686 (87.37%)
• The number of New Properties sold was 533 (12.63%) 

Year on Year Comparison : Compared to Lambeth Property Market 2015  in 2016

• New property market share in property market has gone up in 2016 over 2015

 

 All London Posts

Story Highlights

• Kensington And Chelsea in 2016 had total property sales of £4.64 billions
• The total number of property sold in Kensington And Chelsea 2016 was 2,196
• The average sales price in Kensington And Chelsea was £2.11 millions and the median sales price was £1.21 millions
• The sales value contributed by New Property was 10.26% where as Not New Property contributed 89.74%
• Stamp duty changes caused monthly spike in March
• Brexit coupled with Stamp duty changes caused significant decline in property sales, declines by 21%

 

 

Total Sales By Property Type

Kensington And Chelsea is one of the Boroughs of Central London. It had total Property Sales of £4.64 billions which was 18.79% of Central London Property Market 2016.

The split across the different property types are:

• Terraced £1.4 billions (30.08%)
• Semi-Detached £191 millions (4.13%)
• Other £488 millions (10.51%)
• Flat/Maisonette £2.43 billions (52.4%)
• Detached £134 millions (2.88%)

Year on Year Comparison : Compared to Kensignton And Chelsea London Property Market 2015 in 2016

• All the property type except Detached had lower total sales compared to 2015
• Detached property had higher sales of £31 millions i.e. 30 %

 

 

Kensignton And Chelsea Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
SW1W	Belgravia, Chelsea (part), area between Sloane Square and Victoria Station, south of Kings Road	Kensington and Chelsea, Westminster
SW1X	Belgravia, north of Eaton Square, Knightsbridge (part), Chelsea (part)	Kensington and Chelsea, Westminster
SW3	Chelsea, Brompton, Knightsbridge (part)	Kensington and Chelsea
SW5	Earls Court	Kensington and Chelsea
SW7	South Kensington, Knightsbridge (part)	Kensington and Chelsea, Westminster
W2	Paddington, Bayswater, Hyde Park, Westbourne Green, Little Venice (part), Notting Hill (part)	Westminster, Kensington and Chelsea
W8	Kensington, Holland Park (part)	Kensington and Chelsea
W10	North Kensington, Kensal Town, Ladbroke Grove (north), Queen's Park (part)	Kensington and Chelsea, Westminster, Hammersmith and Fulham, Brent
W11	Notting Hill, Ladbroke Grove (south), Holland Park (part)	Kensington and Chelsea, Westminster, Hammersmith and Fulham
W14	West Kensington, Kensington Olympia, Holland Park	Hammersmith and Fulham, Kensington and Chelsea

 

 

 

Month-wise break-up of Total Sales

Some of the insights based on the £4.64 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £1.15 billions compared to £433 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there seems to have been dip in property sales in the immediate after-math of Brexit 
3. Year on Year the property market for Kensington And Chelsea has shown a decline of 21.36% over 2015

 

 

 

Total No Of Properties Sold By Property Type

In Kensignton and Chelsea the total number of properties sold in the year 2016 was 2196. The breakdown by different property types are:

• Terraced 330(15.03%)
• Semi-Detached 29 (1.32%)
• Other 140 (6.38%)
• Flat/Maisonette 1,689 (76.91%)
• Detached 8 (0.36%)

Year on Year Comparison : Compared to Kensignton And Chelsea London Property Market 2015 in 2016

• Total sales volume has declined by 486 i.e. 18.12 %
• All the property type had lower sales volume compared to 2015

 

 

Average & Median Sales Price

In 2015 the Average property price was £2.11 millions in Kensington and Chlesea. The average property price for the different property types are:

• Detached £16.7 millions
• Flat/Maisonette £1.44 millions
• Other £3.5 millions
• Semi-Detached £6.6 millions
• Terraced £4.23 millions

The Median Price was £1.21 millions. The median property price for the different property types are:

• Detached £11.35 millions
• Flat/Maisonette £1.02 millions
• Other £1.16 millions
• Semi-Detached £6 millions
• Terraced £3.35 millions

Year on Year Comparison : Compared to Kensignton And Chelsea London Property Market 2015 in 2016

• Detached, Terraced had increase in average property price
• Flat/Maisonette, Other, Semi-Detached had decrease in average property price

 

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £4.16 billion (89.74%)
• New Property £476 millions (10.26%) 

By Number Of Sales

• The number of Not New Property sold was 1953 (88.93%)
• The number of New Properties sold was 243 (11.07%)

Year on Year Comparison : Compared to Kensignton And Chelsea London Property Market 2015  in 2016

• New property market share in property market has gone down in 2016 over 2015

 All London Posts

 

 

Story Highlights

• City of Westminster in 2016 had total property sales of £7.29 billions
• The total number of property sold in City of Westminster 2016 was 3407
• The average sales price in City of Westminster was £2.14 millions and the median sales price was £950 K
• The sales value contributed by New Property was 12.43% where as Not New Property contributed 87.57%
• Stamp duty changes caused monthly spike ke in March
• Brexit coupled with Stamp Duty hike caused decline in total sales value of 16.4%

 

 

Total Sales By Property Type

 

City of Westminster  is one of the Boroughs of Central London. It had total Property Sales of  £7.29 billions  which was 29.53% of Central London Property Market 2016

The split across the different property types are:

• Terraced £911 millions (12.49%)
• Semi-Detached £56 millions (0.77%)
• Other £2.53 billions (34.66%)
• Flat/Maisonette £3.7 billions (50.95%)

Year on Year Comparison : Compared to City of Westminster Property Market 2015 in 2016

• All the property type had lower total sales compared to 2015

 

 

Westminister Property Market at Postcode level

Postcode	Coverage Area	Local Authority Area
NW1	North Western head district: Marylebone (part), Euston, Regent's Park, Baker Street, Camden Town, Somers Town, Primrose Hill (part) and Lisson Grove (part)	Camden, Westminster
NW6	Kilburn district: Kilburn, Brondesbury, West Hampstead, Queen's Park, Kensal Green (part), South Hampstead (south), Swiss Cottage (west)	Brent, Camden, Westminster
NW8	St John's Wood district: St John's Wood, Primrose Hill (south), Lisson Grove (north)	Westminster, Camden
SW1A	Whitehall and Buckingham Palace	Westminster
SW1E	Between Buckingham Gate and Victoria Station	Westminster
SW1H	East of Buckingham Gate	Westminster
SW1P	Triangular area between Victoria Station, the Houses of Parliament, and Vauxhall Bridge	Westminster
SW1V	Triangular area between Vauxhall Bridge, Chelsea Bridge, and Victoria Station; Pimlico proper	Westminster
SW1W	Belgravia, Chelsea (part), area between Sloane Square and Victoria Station, south of Kings Road	Kensington and Chelsea, Westminster
SW1X	Belgravia, north of Eaton Square, Knightsbridge (part), Chelsea (part)	Kensington and Chelsea, Westminster
SW1Y	St James's	Westminster
SW7	South Kensington, Knightsbridge (part)	Kensington and Chelsea, Westminster
W10	North Kensington, Kensal Town, Ladbroke Grove (north), Queen's Park (part)	Kensington and Chelsea, Westminster, Hammersmith and Fulham, Brent
W11	Notting Hill, Ladbroke Grove (south), Holland Park (part)	Kensington and Chelsea, Westminster, Hammersmith and Fulham
W1B	Portland Place, Regent Street	Westminster
W1C	Oxford Street (west)	Westminster
W1D	Soho (south east); Chinatown, Soho Square	Westminster
W1F	Soho (north west)	Westminster
W1G	Harley Street	Westminster
W1H	Marylebone	Westminster
W1J	Mayfair (south), Piccadilly, Royal Academy	Westminster
W1K	Mayfair (north), Grosvenor Square	Westminster
W1S	Mayfair (east), Hanover Square, Savile Row	Westminster
W1U	Marylebone	Westminster
W1W	Great Portland Street, Fitzrovia	Westminster
W2	Paddington, Bayswater, Hyde Park, Westbourne Green, Little Venice (part), Notting Hill (part)	Westminster, Kensington and Chelsea
W9	Maida Hill, Maida Vale, Little Venice (part)	Westminster, Brent, Camden
WC2A	Lincoln's Inn Fields, Royal Courts of Justice, Chancery Lane	Camden, Westminster,City Of London
WC2B	Drury Lane, Kingsway, Aldwych	Camden, Westminster
WC2E	Covent Garden	Westminster
WC2H	Leicester Square, St. Giles	Camden, Westminster
WC2N	Charing Cross	Westminster
WC2R	Somerset House, Temple (west)	Westminster

 For property market details at post code level please click on Postcode in the table above.

 

 

Month-wise Break-up of Total Sales

 

Some of the insights based on the £7.29 billions month-wise break-down :

Stamp Duty Hike Impact

1. March had property sale spike of £ 1.67 billions  compared to £ 403 millions in Feb 
2. The impetus for it was to avoid the extra 3% in Stamp Duty Tax applicable on buying an additional home, being applicable from April 1 2016

 

Brexit Impact

1. Brexit took place on 23rd June 2016.
2. As can be observed from the month-wise break-up there does  seem to have been some dip in property sales in the immediate after-math of Brexit 
3. Year on Year the property market for City of Westminster has shown a decline of 16.4% over 2015

 

 

 

Total No Of Properties Sold By Property Type

 In City of Westminster the total number of properties sold in year 2016 was 3407. The breakdown by different property types are:

• Terraced 261 (7.66%)
• Semi-Detached 15 (0.44%)
• Other 408 (11.98%)
• Flat/Maisonette 2712 (79.6%)
• Detached 11 (0.32%)

Year on Year Comparison : Compared to City of Westminster Property Market 2015 in 2016

• Total sales volume has declined by 530 i.e. 13.5% decline year on year
• All the property type had lower sales volume except Others compared to 2015

 

 

 

Average & Median Sales Price

 

The average sales price in City of Westminster was £2.14 millions. For the different property types it was:

• Detached £7.5 millions
• Semi-Detached £3.75 millions
• Terraced £3.5 millions
• Flat/Maisonette £1.4 millions
• Other it is £6.2 millions

Similarly the median sales price in City of Westminster was £950 K. For the different property types it was:

• Detached £7 millions
• Semi-Detached £4.05 millions
• Terraced £2.3 millions
• Flat/Maisonette £900 K
• Other it is £808 K

Year on Year Comparison : Compared to City of Westminster Property Market 2015  in 2016

• All property types have had increase in average and median sales price except for Semi-Detached, Other

 

 

 

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £6.38 billion (87.57%)
• New Property £906 millions (12.43%) 

By Number Of Sales

• The number of Not New Property sold was 2930 (86%)
• The number of New Property sold was 477 (14%) 

Year on Year Comparison : Compared to City of Westminster Property Market 2015   in 2016

• New property market share in property market has gone up in 2016 over 2015

 All London Posts