London House Prices
London House Prices
As of June, 2024, the average house prices in London are as follows:
- studio – £335,000 (-3.6%)
- 1 bedroom flat – £400,000 (0%)
- 2 bedroom flat – £549,950 (-0%)
- 3 bedroom flat – £650,000 (0.58%)
- 4 bedroom flat – £900,000 (1.41%)
- 5 bedroom flat – £1,375,000 (2.8%)
Keep in mind that these are simply the average rates for London house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in London, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average London house price is £600,000, low by 0% as of £600,000 in May, 2024.
- Currently, there are 119,547 houses for sale and an average of 4,101 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated London house prices.
London House Prices Growth
The average house price in London over the last 5 years is as follows:
- 2019-06 – £522,236
- 2020-06 – £525,476 (0.62%)
- 2021-06 – £556,971 (5.99%)
- 2022-06 – £567,499 (1.89%)
- 2023-06 – £582,509 (2.64%)
- 2024-06 – £568,475 (-2.41%)
Sold house prices in London have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now up 8%. Thus, if the trend continues, purchasing real estate in London in the current climate could be favourable, with the potential for an attractive profit in the future.
In addition to checking the average London house prices, it’s also wise to keep an eye on house rent prices in London. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in London.