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 :

• Central London was maximum at £28 billions (34.31%)
• Followed by East London at £16 billions (20.07%)
• West London at £15.47 billions (18.98%)
• South London at £14.7 billions (18.07%)
• with minimum for North London at £7 billions (8.56%)

 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

• It was maximum at Central London at £1.27 millions
• Followed by West London at £622 K
• North London at £544 K
• South London at £512 K
• with minimum for East London at £413 K

 The Median Sales Price By London Regions was

• It was maximum at Central London at £600 K
• Followed by West London at £425 K
• North London at £395 K
• South London at £385 K
• with minimum for East London at £330 K

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%).

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