According to recent data from HM Land Registry, the average house price in Bromley has surged to 638,749, marking a notable increase of nearly 111,000 over the past five years. Despite the high demand for premium homes, resulting in several properties selling for millions, the overall pace of sales has dipped by nearly 7% from the previous year, with 986 residential transactions completed. Most sales were concentrated in the 432,000 to 584,000 range. This year, the market revealed mixed activity in December, including new property listings, agreed sales, and price reductions.
According to HM Land Registry data, the average house price in the area has risen dramatically to 638,749, with a significant increase of nearly 111,000 over five years.
The number of residential properties sold has dipped, with only 986 transactions occurring last year, reflecting a nearly 7 percent decline, signaling changing market dynamics.
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