Summer Housing Market Report: Greater London Region

Summer Housing Market Report: Greater London Region

Key Statistics

The average price of property is £2,363,964, which represents a 3.18% annual change. The premium price threshold in Greater London is £1,450,000, which means that the top 5% of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £1,208. The total value of sales over the past year has been £11.4 billion with 8,670 sales at or over £1 million.

 

 

 

The London Premium Market

While boroughs outside of prime central London have seen a decrease in the average property price, prime central London has seen a 35% increase, with the average price of property at £19,702,943. Another area that has performed well is Islington which has seen a 9% increase in the annual change of the average property price in the area.

The highest premium threshold in Greater London is in Prime Central London at £11,300,000, and the second most expensive region is Kensington, Notting Hill and Holland Park, with a premium threshold of £6,190,000.

 

London premium property market statistics summer 2020

 

Click here to read the full F&C Regional Summer Market Report: Greater London

 

 view more regional reports

 

Ben Madden, Director at Fine & Country West London, comments: 

“The property market has been back in business for a few months now and it would appear as though activity levels are here to stay, at least for the short term. Consumer sentiment is surprisingly clear in regard to housing, with new properties entering the market at a four-year high. Sales are being agreed at a far quicker rate than agents have become somewhat accustomed to over the last few years. This buoyancy, however, should not be misjudged; buyers remain price sensitive and, certainly in the West London region, we aren’t seeing aggressive price growth, as reported in other quarters. At some point in the not too distant future, I anticipate a buyer-led market and a possible change in sentiment, meaning both pricing and marketing strategy will be crucial to attracting the right buyer and the right offer. Now may well be the best time to achieve your property’s true potential. How would I describe market activity? Less ‘new normal’ and more ‘normal’ than it has been in years.” 

 

Properties for sale in the Greater London region

Kensington, London, 5 bedrooms

luxury penthouse London Kensington gothic apartment

This magnificent penthouse apartment was originally four separate apartments, which have been combined to create this residence in one of Kensington’s most exclusive gated developments.

The apartment has been finished to the highest possible standard, benefitting from touch-screen controls operating lighting, surround-sound and heating systems. In addition to its four underground parking spaces and substantial roof terrace, this exquisite home includes a home gymnasium, sauna and a spa treatment room.

Marylebone, London, 3 bedrooms

Marylebone luxury city London apartment development

This spectacular modern apartment is part of a brand-new development of 54 high-end apartments, benefitting from a 24-hour concierge and access to secure underground parking.

Floor-to-ceiling windows floods the apartment with natural light, and the open-plan layout in the kitchen, dining and living area with access onto the terrace provide ideal space for entertaining.

Ealing, London, 7 bedrooms

Ealing London Dutch Grade II listed mansion house

This impressive home was designed in 1888 by renowned local architect Leonard Shuffrey and has received a Grade II Listed status due to its remarkable features, including Dutch gables and the magnificent cedar tree standing proudly in the front garden. 

This unique property comprises a welcoming entrance hall, three notable reception rooms with feature French windows, seven bedrooms, a kitchen connected to a utility and pantry area, a study room, three bathrooms and a conservatory accessed from the garden.

 

Contact us

Looking to sell your home with experts in premium property? Get in touch with your local Fine & Country agent today.

 

21st Aug 2020

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