For 2016 details - City of Westminster Property Market 2016 

Story Highlights

• City of Westminster had total Property Sales of £8.72 billions in 2015.
• The total number of properties sold in year 2015 was 3937.
• The Average property price was £2.21 millions in City of Westminster while Median was £925 K.

• Not New Property contributed £8.03 billion (92.13%) and New Property 686 millions (7.87%) giving combined total of £8.72 billions.

• The number of Not New Property sold was 3516 (89.31%), whereas the number of New Property sold was 421 (10.69%) giving combined total of 3937.

Total Sales By Property Type

City of Westminster  is one of the Boroughs of Central London. It had total Property Sales of  £8.72 billions  which was 31.15% of Central London Property Market 2015.

The split across the different property types are:

• Terraced £988 millions (11.33%)
• Semi-Detached £92 millions (1.06%)
• Other £3.43 billions (39.3%)
• Flat/Maisonette £4.14 billions (47.54%)

Total No Of Properties Sold By Property Type

 In City of Westminster the total number of properties sold in year 2015 was 3937. The breakdown by different property types are:

• Terraced 328 (8.33%)
• Semi-Detached 19 (0.48%)
• Other 308 (7.82%)
• Flat/Maisonette 3269 (83.03%)
• Detached 13 (0.33%)

Average & Median Sales Price

In 2015 the Average property price was £2.21 millions in City of Westminster. The average price for the different property types are:

• Detached £5.17 millions
• Flat/Maisonette £1.27 millions
• Other £11.12 millions
• Semi-Detached £4.86 millions
• Terraced £3.01 millions

The Median Price was £925 K. The median property price for the different property types are:

• Detached £4.5 millions
• Flat/Maisonette £857 K
• Other £2.6 millions
• Semi-Detached £4.9 millions
• Terraced £2.23 millions

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £8.03 billion (92.13%)
• New Property 686 millions (7.87%) giving combined total of £8.72 billions.

By Number Of Sales

• The number of Not New Property sold was 3516 (89.31%)
• The number of New Property sold was 421 (10.69%) giving combined total of 3937.

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