Houses for Sale in London
As one of the major capitals of the world, prices of property in London either to buy or rent remain high. As we approach the second quarter of 2017, according to figures published by Rightmove, prices have started to rise in the capital, with the current average price for a property in London standing at £585,516 - higher than the average for the South East, which is currently £376,200.
Most of the sales in London in 2016 involved flats and were sold for an average of £508, 217, while terrace properties in London went for an average of £645,982 and semi-detached properties fetched £372,742 on average.
In contrast, the most expensive area in the South East is Surrey, where the average price is £509,349 and the cheapest area is the Isle of Wight with an average property sale of £227,980. The South East is a more expensive region than the East of England and the West Midlands. However it is significantly cheaper than London.
Looking at 2016 sales of properties in the South East, most sales were of terraced properties which sold for an average price of £238,244, while semi-detached properties were fetching £375,742 and flats sold for an average of £251,776.
South East property prices were up 7% in 2016 against 2015 and up 15% against the 2014 level of £326,223.
On the other hand, London is the most expensive area in the region with the priciest area within London being Central London with an average price of £1,551,214, and the most affordable being East London with an average price of £443,642.
London prices of property were recorded as up 6% in 2016 against prices in 2015, and 12% up against 2014 prices when the average was £523,709.
All in all, London and South East are great places to own property and invest. Hunters have loads of branches with highly qualified Estate Agents to help with buying, selling and letting property in the capital and surrounding counties, and you can use our Find Your Nearest Branch facility to see where your nearest Hunters is.
How much is my house worth?
You may be wondering how much your own property is worth and Hunters make it really easy for you to book a valuation visit online however why not book a Free Valuation Report directly from this site. It is completely free and will give you a snapshot estimate value of the property you own or are thinking of buying.
If you are thinking of investing in the region you can easily find one of Hunters’ Estate Agents or Letting Agents in the South East and London using our Find Your Nearest Branch facility. As a simple house price calculator, it will act as a guide for you to decide whether you want to explore more options more deeply.
About London & South East
This huge area includes home county Buckinghamshire and Oxfordshire at its most northern, home counties Berkshire, Surrey and Kent wrapped around London, Hampshire, West Sussex and East Sussex to the south, and of course the Isle of Wight.
According to the OCSI Census of 2011, the South East was the most populous region with 8,634,800 people followed by London having 8,173,800 people! London had experienced the largest growth increase at the time of the census, of 14% from 2001 and 2011.
Known as an area of great diversity and natural beauty, the region includes the White Cliffs of Dover and large areas of beautiful rolling countryside. The South East is rich in famous historical landmarks, even outside of London itself, such as Dover Castle which features the Great Tower and its secret tunnels, and royal residence Windsor Castle in Berkshire.