House prices in Greenwich have plummeted by an average of over £10,000 in the month of November, according to figures from the Land Registry.
The latest data from the government department reveals that in November 2023 average house prices in Greenwich reached £414,055.
This was down from £424,932 in October, representing a 2.6 per cent decrease. In the last 12 months it has fallen by -6.1 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Greenwich here.
Breaking it down for specific types of housing, all prices saw a decrease.
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Detached houses – Down to £890,533 from £921,491 in October
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Semi-detached houses – Down to £630,660 from £653,191 in October
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Terraced houses – Down to £471,168 from £487,833 in October
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Flats – Down to £346,176 from £351,962 in October
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Despite the fall in prices this month, Greenwich is still well above the UK average with a typical property value in the nations reaching £284,950 in November.
In cash terms, the average house price in November was £-6,142 lower than a year earlier with house price growth decelerating to -2.1 per cent in November 2023. Prices were down by -0.8 per cent month on month.
We have created this map for the London so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Greenwich are the most expensive for average house prices.
