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.
As of July 2024, the average house price across Greater London is £665,698 using HM Land Registry data*.
The average property price increased by £135,246 (21.89%) over the last 5 years and increased by £27,037 (3.72%) over the last 12 months.
Over the last year, there were 57,524 residential property sales** across London – a decrease of 31,427 transactions (-54.63%) relative to the previous year. The majority of house sales (19,947) were in the £290,000 – £478,000 range. Then came properties in the £478,000 – £666,000 range, where 15,716 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 £-29,573 (-2%).
In July 2024, there were 16,536 new estate agency instructions, 9,624 agreed home sales and 9,685 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.