City of London House Prices, London
City of London is a borough, located in London.
City of London House Prices
As of June, 2024, the average house prices in City of London are as follows:
- studio – £400,000 (-8.63%)
- 1 bedroom flat – £695,000 (-1.45%)
- 2 bedroom flat – £1,232,500 (-5.01%)
- 3 bedroom flat – £2,300,000 (-11.12%)
- 4 bedroom flat – £2,200,000 (17.26%)
Keep in mind that these are simply the average rates for City of 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 City of London, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average City of London house price is £875,000, high by 2.94% as of £850,000 in May, 2024.
- Currently, there are 211 houses for sale and an average of 7 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated City of London house prices.
City of London House Prices Growth
The average house price in City of London over the last 5 years is as follows:
- 2019-06 – £888,712
- 2020-06 – £841,024 (-5.37%)
- 2021-06 – £1,049,835 (24.83%)
- 2022-06 – £1,361,130 (29.65%)
- 2023-06 – £1,013,934 (-25.51%)
- 2024-06 – £828,329 (-18.31%)
Sold house prices in City of London have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now down 6%. Therefore, at the moment, you may be able to purchase real estate at a more favourable price than five years ago.
In addition to checking the average City of London house prices, it’s also wise to keep an eye on house rent prices in City of 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 City of London.