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The property market in Tower Hamlets, London, has shown notable activity with monthly property sale volumes fluctuating, peaking in March 2025 at 180 sales likely driven by changes in stamp duty rates. Recent months show moderate sales volumes around 30 to 36 per month, reflecting steady buyer interest. Compared to previous years, the market remains relatively dynamic with consistent transactions highlighting ongoing demand in this vibrant London borough.
The most recent median price paid for all property types in Tower Hamlets was £427,500 in May 2025, representing a decrease compared to previous months and showing a downward adjustment from the £470,000 recorded in March 2025. Compared YoY, prices have softened slightly from highs around £665,000 in early 2024, indicating a moderate cooling in property values within the past year.
Median house prices in Tower Hamlets vary significantly by property type; terraced houses command the highest prices with a median of £970,000 in May 2025, reflecting strong demand and a robust market segment. Flats show median prices around £397,500 recently, down from over £600,000 a year ago, indicating a YoY decline nearing 40%. Semi-detached house data is limited but indicates high price points, such as £832,000 in late 2024, while detached houses lack recent data. Overall, price trends show terraced houses retaining value better than flats in the last year.