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Property sale volume in central London peaked in March 2025 with 16 sales, likely driven by changes in stamp duty rates, followed by a decrease to 7 sales in May 2025. Over the past six months, the market showed fluctuating activity with sale volumes ranging from 3 to 16 properties per month. Median prices varied, reaching a high of £1,000,000 in April 2025 before settling around £725,000 in May 2025, indicating some market correction after the peak.
The most recent median house price in central London is £725,000 as of May 2025, reflecting a moderate decline from the £1,000,000 recorded in April 2025. This suggests a cooling of prices following the March-April spike and steadier market conditions in May. Buyers can currently expect prices around the mid-£700,000s in the heart of central London.
Median prices vary significantly by property type in central London, with flats commanding a median price of £725,000 as of May 2025, closely aligning with the overall market median. Terraced houses remain significantly higher priced, with a notable median price of £2,128,500 reported in January 2025, while data for detached and semi-detached houses is unavailable. This highlights the premium associated with terraced properties in central London compared to flats.