House prices in Greenwich have seen a significant drop, falling by an average of more than £10,000 in November, as reported by the Land Registry. The average price of a home in Greenwich was recorded at £414,055 in November 2023, a decrease from £424,932 in October, marking a 2.6% reduction. Over the past year, there has been a 6.1% decline in prices.
For those looking to purchase or lease properties, the latest listings in Greenwich and its surroundings are available for review. The decrease in house prices was observed across all housing types:
- Detached houses experienced a decline to £890,533 from October’s £921,491.
- Semi-detached houses dropped to £630,660, down from £653,191.
- Terraced houses fell to £471,168 from £487,833.
- Flats decreased to £346,176 from £351,962.
Despite the recent decrease, Greenwich’s housing market remains above the UK average, with the national average house price standing at £284,950 in November. The average price in November was £6,142 less than the previous year, with the annual growth rate slowing to -2.1% and a month-on-month decrease of -0.8%.
