For 2016 details - Tower Hamlets Property Market 2016 

Story Highlights

• Tower Hamlets had total Property Sales of £2.6 billions in 2015
• The total number of properties sold in year 2015 was 4597
• The Average property price was £557 K while Median was £418 K
• Not New Property contributed 82.18% by value and New Property 17.82%

Total Sales By Property Type

Tower Hamlets is one of the Boroughs of East London. It had total Property Sales of £2.6 billions which was 15.66% of East London Property Market 2015.

The split across the different property types are:

• Terraced £237 millions (9.24%)
• Other £442 millions (17.25%)
• Flat/Maisonette £1.87 billions (73.08%)
• Detached £5.98 millions (0.23%)

Total No Of Properties Sold By Property Type

In Tower Hamlets  the total number of properties sold in year 2015 was 4597. The breakdown by different property types are:

• Terraced 318 (6.92%)
• Other 132 (2.87%)
• Flat/Maisonette 4131 (89.86%)
• Detached 9 (0.2%).

Average & Median Sales Price

In 2015 the Average property price was £557 K in Tower Hamlets. The average price for the different property types are:

• Detached £664 K
• Flat/Maisonette £453 K
• Other £3.35 millions
• Semi-Detached £701 K
• Terraced £745 K.

The Median Price was £418 K. The median price for the different property types are:

• Detached £665 K
• Flat/Maisonette £405 K
• Other £535 K
• Semi-Detached £730 K
• Terraced £676 K.

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.1 billion (82.18%)
• New Property 457 millions (17.82%) giving combined total of £2.6 billions.

 By Number Of Sales

• The number of Not New Property sold was 3668 (79.79%)
• The number of New Properties sold was 929 (20.21%) giving combined total of 4597.

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