London House Prices
PLUS Other Property Market Trends, Recent Sales / Most Expensive + Cheapest Streets, Asking vs. Sold Prices, Speed of Sale and More....
We’re sorry… Property Solvers are unable to produce reports for Scottish properties at the current time. Please get in touch with us and we could be more than happy to provide a desktop valuation.
London House Prices - Latest Summary
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Written by Ruban Selvanayagam
Ruban Selvanayagam
Ruban Selvanayagam is a professional cash homebuyer, private rented sector landlord, auction specialist, blogger and media commentator.
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Edited by James Durr
James Durr
James Durr is a passionate property entrepreneur with a strong foundation and background in business.
As of , the average house price across Greater London is £633,239 using HM Land Registry data*.
The average property price decreased by £-42,532 (-5.86%) over the last 5 years and decreased by £-8,503 (-1.23%) over the last 12 months.
Over the last year, there were 58,924 residential property sales** across London – a decrease of 25,459 transactions (-43.21%) relative to the previous year. The majority of house sales (16,832) were in the £290,000 – £452,000 range. Then came properties in the £452,000 – £614,000 range, where 14,666 were sold within this price bracket.
Excluding fall throughs, properties throughout Greater London are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-16,032 (-2%).
In , there were 12,557 new estate agency instructions, 6,708 agreed home sales and 8,650 property price reductions***.
* There is a minimum 2-3 month time lag before sold house for London price data is published (and made publically available) on HM Land Registry
** Property Solvers (via the Land Registry) are unable to capture all data including auction, part-exchange and portfolio property sales
*** We capture real time data from the UK’s leading house sales portals to track ongoing market activity.
