LONDON'S
SALES
MARKET
Foxtons Land Registry Foxtons Foxtons
OVERVIEW
ZONE 1
ZONE 2
ZONES 3-6
ALL ZONES
About our data
Foxtons is the largest
estate agent in London,
with 7,500 new sales
instructions in 2022 and
31,500 sales transactions
since 2014. This provides
us with a complete view
of the London property
market.
ACTIVITY
% transactions
5.7%
23.9%
70.4%
AVERAGE PRICES
£ per square foot, all
property (achieved prices)
£1,094
£769
£582
£710
DEMAND
buyer registrations
per property
8.1
9.5
12.3
10.3
12.3
3.2%
NEW BUYERS
FOR EVERY PROPERTY
IN ZONES 3-6
INCREASE IN SUPPLY
OVER THE YEAR
Resulting in strongest
increase in prices
Boosted by pick up in
final quarter of 2022
Foxtons
Foxtons
ONS, showing average London prices as of December
Sales prices
£100,000
£500,000
£600,000
£400,000
£300,000
£200,000
£0
19
99
20
07
20
03
20
11
20
18
20
01
20
09
20
16
20
13
20
20
20
00
20
08
20
04
20
12
20
19
20
02
20
10
20
17
20
05
20
14
20
21
20
06
20
15
20
22
Overall average London
prices have increased at
a rate of 6.5% per
annum since 1999.
LONG-TERM
RESILIENCE
IN LONDON
HOUSE PRICES
GLOBAL
FINANCIAL CRISIS
EU
REFERENDUM
GLOBAL
PANDEMIC
The London Report 2023 | London's sales market 8