London borough with highest number of properties revealed
Croydon has the highest number of properties in London with an estimated 161,060 homes, according to Benham and Reeves.
Government data estimates there are 3,592,322 homes across London’s 1,595 km², which means that there are 2,253 homes for every km² in the capital.
However, just 3.3% of this housing stock is listed for sale on the market.
Benham and Reeves’ data shows that Bromley is London’s biggest borough covering 150km².
Looking at the data on the highest number of homes per km², the most populated London borough from a property standpoint is Kensington and Chelsea.
There are 87,726 estimated properties spread across the borough’s 12km², resulting in 7,081 homes for every km².
Meanwhile, Wandsworth has the highest number of properties for sale with 6,448 properties available.
When it comes to the most homes for sale in relation to the size of the market, the City of London takes the top spot.
There are currently 379 homes listed for sale, the lowest number in all London boroughs, and with a total of 6,506 dwellings, it means 5.8% of all housing stock is currently on the market.
Marc von Grundherr, director of Benham and Reeves, said: “The London housing market differs so drastically from one borough to the next, that total housing stock and the number of homes for sale simply doesn’t demonstrate which areas are home to the most housing or currently seeing the most homes hitting the market.
“There’s no doubt that COVID-19 is continuing to hit London’s more central locations, with the City of London seeing nothing short of a homeowner exodus as we continue to be restricted to working from home unless necessary.
“For savvy homebuyers, analysing for sale listings in relation to housing stock gives a far clearer picture of where they might be able to secure a bargain purchase.
“Reduce stock and high demand will always push up prices as buyers battle to outbid each other.
“However, in areas where there is a more abundant level of homes available, you’re less likely to pay over the odds to secure one.”