Average Price for property in City of London (London Borough) is around £787,100 which varies based on type of property you are interested in and ranges from £1,693,952 for detached house to around £1,967,648 for semi-detached. Similarly terraced house is around £1,409,185 and a flat is worth £775,531. Values have been changing and have risen £6,618 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £29,355 in last 6 months, £1,850 in last 1 year, £94,973 in last 2 years, £136,966 in last 3 years, £142,675 in last 4 years and £200,458 in last 5 years.
Currently average asking price of a property in City of London (London Borough) is around £1,173,156 based on approximately 187 properties for sale. Same is the case with rental options based on 538 properties up for rent, average asking rent is around £3,008 per month.
Estimated property value in City of London (London Borough) is £787,100. Average asking price is £1,173,156 while average price paid is £885,367 which is up by £1,850 and Avg. asking rent £3,008.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in City of London (London Borough) area. In last 1 year alone average price buyer paid is around £885,367 based on approximately 187 sales in City of London (London Borough) area alone. If you compare it to last 3 years sales of 780 properties where buyers paid around £774,923. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £695,574 for 1,207 and average amount paid for purchase of approx. 187 properties sold in last 7 years comes to about £885,367 per sale.