For 2016 details - Central London Property Market 2016 

Story Highlights

• Central London in 2015 had total property sales of £28 billions
• City Of Westminster was the leader contributing sales worth £8.72 billions (31.15%)
• The total number of property sold in Central London 2015 was 22,128
• The average sales price in Central London was £1.264 millions and the median sales price was £600 K
• The average sales price was maximum in City of London at £3.44 millions and minimum in Lambeth at £606 K.
• The median sales price was maximum in Kensington And Chelsea at £1.2 millions and minimum in Lambeth at £450 K.
• The sales value contributed by New Property was £2.854 billions (10.2%) where as Not New Property contributed £25.12 billions (89.8 %).

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

 Total Sales By Property Type

Central London in 2015 had total property sales of £28 billions. It was 34.31% of the London Property Market 2015.

The split across the different property types are:

• Detached £517 millions (1.85%)
• Semi-Detached £1.006 billion (3.6%)
• Terraced £4.936 billions (17.64 %)
• Other £7.288 billions (26.05%)
• Flat/Maisonette £14.229 billions (50.86%)

 Total Sales By Borough

 The total sales of £28 billions in 2015 was split across its borough as above.

• City Of Westminster £8.7 billions (31.15%)
• Kensington And Chelsea £5.9 billions (20.94%)
• Camden £3.9 billions (13.88 %)
• Lambeth £3.1 billions (10.92%)
• Southwark £2.9 billions (10.47%)
• Islington £2.2 billions (7.9%)
• City Of London £1.3 billions (4.73%)

Total Number Of Sales By Property Types

The total number of property sold in Central London 2015 was 22,128. It is split as:

• Detached 169 (0.76%)
• Semi-Detached 578 (2.61%)
• Terraced 3,100(14.01%)
• Flat/Maisonette 17,349 (78.4%)
• Other 932(4.21%)

 Average & Median Sales Price 

The average sales price in Central London was £1.264 millions. For the different property types it was:

• Detached £3.0586 millions
• Semi-Detached £1.741 millions
• Terraced £1.592 millions
• Flat/Maisonette £820 K
• Other it is £7.82 millions

Similarly the median sales price in Central London was £600 K. For the different property types it was:

• Detached £1.74 millions
• Semi-Detached £975 K
• Terraced £955 K
• Flat/Maisonette £545 K
• Other it is £1.386 millions

Average & Median Sales Price By Borough

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

• The highest average sales prices is in City Of London £3.44 millions
• City Of Westminster £2.21 millions
• Kensington And Chelsea £2.18 millions
• Camden £1.35 millions
• Islington £851 K
• Southwark £637 K
• Lambeth being minimum at £606 K

• The median price was highest for Kensington And Chesea at £1.2 millions
• City Of Westminster £925 K
• City of London £800 K
• Camden £709 K
• Islington £580 K
• Southwark £470 K
• Lambeth being minimum at £450 K

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £2.854 billions (10.2%)
• Not New Property contributed £25.12 billions (89.8 %)

By Number Of Sales

• New properties sold were 2,619 (11.84%)
• Not new property sold were 19,509 (88.16%)

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