For 2016 details - East London Property Market 2016 

Story Highlights

• East London in 2015 had total property sales of £16 billions
• Tower of Hamlets was the leader contributing £2.6 billions (15.66%)
• The total number of property sold in  East London 2015 was 39,604
• The average sales price in East London  was £413 K and the median sales price was £330 K
• The average sales price in East London  at borough level was maximum in Hackney at £611 K 
• New Property contributed 13.84% by value where as Not New 86.16%

East London comprises of the boroughs of Barking and Dagenham, Bexley, Greenwich, Hackney, Havering, Lewisham, Newham, Redbridge, Tower Hamlets, Waltham Forest.

Total Sales By Property Type

 East London in 2015 had total property sales of £16 billions. It is 20.07% of London Property Market 2015.

The split across the different property types are:

• Detached: £701 millions (4.28%)
• Semi-Detached: £2.007 billions (12.26%)
• Terraced: £4.95 billions (30.25 %)
• Other: £1.74 billions (10.64%)
• Flat/Maisonette: £6.97 billions (42.57%).

Total Sales By Borough

 The total sales of £16 billions in  East London 2015 was split across its borough as above.

• Tower of Hamlet: £2.6 billions (15.66%)
• Lewisham: £2.3 billions (13.97%)
• Hackney: £2 billions (12.29 %)
• Greenwich: £1.93 billions (11.79%)
• Waltham Forest: £1.51 billions (9.22%)
• Havering: £1.44 billions (8.82%)
• Redbridge: £1.44 billions (8.81%)
• Bexley: £1.27 billions (7.76%)
• Newham: £1.2 billions (7.3%)
• Barking and Dagenham: £719 millions (4.39%).

Total Number Of Sales By Property Types

The total number of properties sold in  East London 2015 was 39,604. It is split as

• Detached: 1,153 (2.91%)
• Semi-Detached: 4,811 (12.15%)
• Terraced: 12,387(31.28%)
• Flat/Maisonette: 20,525 (51.83%)
• Other: 728(1.84%)

 Average & Median Sales Price 

The average sales price in East London was £413 K. For the different property types it was:

• Detached: £608 K
• Semi-Detached: £417 K
• Terraced: £400 K
• Flat/Maisonette: £339 K
• Other it is £2.39 millions.

Similarly the median sales price in East London was £330 K. For the different property types it was:

• Detached: £510 K
• Semi-Detached: £365 K
• Terraced: £340 K
• Flat/Maisonette: £305 K
• Other it is £600 K.

 Average & Median Sales Price By Borough

East London average sales price at borough level is as above.

• The highest average sales price is Hackney: £611 K
• Tower Hamlets: £558 K
• Lewisham: £457 K
• Greenwich: £432 K
• Waltham Forest: £393 K
• Redbridge: £393 K
• Newham: £347 K
• Havering: £323K
• Bexley: £300 K
• Minimum for Barking And Dagenham at £276 K.

East London median sales price at borough level is as above.

• The highest median sales price is Hackney: £483 K
• Tower Hamlets: £418 K
• Waltham Forest: £365 K
• Lewisham: £355 K
• Greenwich: £345 K
• Redbridge: £345 K
• Newham: £305 K
• Havering: £285 K
• Bexley: £275 K
• Minimum for Barking And Dagenham at £245 K.

New Vs Not New Property Statistics

By Value Of Sales

• The sales value contributed by New Property was £2.264 billions (13.84%)
• Not New Property contributed £14.1 billions (86.16 %).

By Number Of Sales

• New properties sold were 5,603 (14.15%)
• where as not new property sold were 34,001 (85.85%).

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