For 2016 details - Bromley Property Market 2016

Story Highlights

• Bromley had total Property Sales of  £2.92 billions in 2015.
• The total number of properties sold in year 2015 was 6365.
• The Average property price was £459 K in Bromley while Median was £373 K.
• Not New Property contributed 92.64% and New Property 7.36% by value

Total Sales By Property Type

Bromley is one of the Boroughs of South London. It had total Property Sales of  £2.92 billions which was 19.83% of South London Property Market 2015.

The split across the different property types are:

• Terraced £597 millions (20.43%)
• Semi-Detached £699 millions (23.93%)
• Other £169 millions (5.78%)
• Flat/Maisonette £654 millions (22.37%)
• Detached £803 millions (27.49%)

Total No Of Properties Sold By Property Type

 In Bromley the total number of properties sold in year 2015 was 6365.

The breakdown by different property types are:

• Terraced 1521 (23.9%)
• Semi-Detached 1478 (23.22%)
• Other 75 (1.18%)
• Flat/Maisonette 2270 (35.66%)
• Detached 1021 (16.04%).

Average & Median Sales Price

In 2015 the Average property price was £459 K in Bromley. The average price for the different property types are:

• Detached £786 K
• Flat/Maisonette £288 K
• Other £2.25 millions
• Semi-Detached £473 K
• Terraced £392 K

The Median Price was £373 K.The median property price for the different property types are

• Detached £690 K
• Flat/Maisonette £275 K
• Other £600 K
• Semi-Detached £450 K
• Terraced £375 K

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.71 billion (92.64%)
• New Property  £215 millions (7.36%) giving combined total of  £2.92 billions.

By Number Of Sales

• The number of Not New Property sold was 5886 (92.47%)
• The number of New Property sold was 479 (7.53%) giving combined total of 6365.

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