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