For 2016 details - Southwark Property Market 2016 

Story Highlights

• Southwark had total Property Sales of £2.9 billions in 2015.
• The total number of properties sold in year 2015 was 4600.
• The Average property price was £637 K while Median was £470 K.

• Not New Property contributed £2.42 billions (82.55%) and New Property 511 millions (17.45%) giving combined total of £2.9 billions.

• The number of Not New Property sold was 3779 (82.15%), whereas the number of New Property sold was 821 (17.85%) giving combined total of 4600.

Total Sales By Property Type

Southwark is one of the Boroughs of Central London. It had total Property Sales of £2.9 billions which was 10.47% of Central London Property Market 2015.

The split across the different property types are:

• Terraced £547 millions (18.68%)
• Semi-Detached £176 millions (6.02%)
• Other £383 millions (13.08%)
• Flat/Maisonette £1.75 billions (59.76%)
• Detached £72 millions (2.47%)

Total No Of Properties Sold By Property Type

 In Southwark the total number of properties sold in year 2015 was 4600. The breakdown by different property types are:

• Terraced 760 (16.52%)
• Semi-Detached 171 (3.72%)
• Other 110 (2.39%)
• Flat/Maisonette 3517 (76.46%)
• Detached 42 (0.91%)

Average & Median Sales Price

In 2015 the Average property price was £637 K in Southwark. The average price for the different property types are:

• Detached £1.72 millions
• Flat/Maisonette £498 K
• Other £3.5 millions
• Semi-Detached £1.03 million
• Terraced £720 K

The Median Price was £470 K. The median property price for the different property types are:

• Detached £1.5 millions
• Flat/Maisonette £418 K
• Other £962 K
• Semi-Detached £885 K
• Terraced £680 K

New Vs Not New Property Statistics

By Value Of Sales

• Not New Property contributed £2.42 billions (82.55%)
• New Property 511 millions (17.45%) giving combined total of £2.9 billions.

By Number Of Sales

• The number of Not New Property sold was 3779 (82.15%)
• The number of New Properties sold was 821 (17.85%) giving combined total of 4600.

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