Quarter of a century of strong London house price growth as ludlowthompson celebrates 25th anniversary

Our big anniversary provides a good opportunity to look at the capital’s housing market over the last two and a half decades and here Jacob Burston from ludlowthompson’s co-founding Docklands Office spots a prime example from the anniversary archives

ludlowthompson’s 25th anniversary gives us a great opportunity to take a look back at how London’s property market has gone from strength to strength over the last quarter of a century.

One of the very first properties we sold was 13 St. Mary Graces Court, located near Tower Bridge, which sold for £40,000 in August 1993.

Today, the average price for a house in the area is just over £460,000 – a tenfold increase since 1993 for St Mary Graces Court, and an annual growth rate of 10.3%.

The picture above shows Jacob Burston of our Dock Street office, in front of the property.

When Jacob contacted the original and still current - and understandably happy - owner of 13 St. Mary Graces Court, Judith Rollestone, and told her of our anniversary, she said: “It’s nice to know that we have come full circle 25 years later.” - Indeed, Jacob's team are now letting the property!

While this is just one example property it helps underscore the fundamental strengths of the capital’s property market.

The capital continues to have a strong reputation as a nightlife and culture hotspot, and with transport links and infrastructure always being improved, so there should be continued strong demand few house buyers over the next 25 years and beyond.

London’s attractiveness as a place to live and work means that there will always be potential house buyers looking for new homes– which is great news for sellers.

Stephen Ludlow, Chairman of ludlowthompson, comments: “London has consistently proved that its property market is strong and resilient. It has always been a great place to get good returns when selling a property.”

“The capital’s population is set to hit 9 million by 2020, and with constant investment in the city’s infrastructure, London will always be attractive to potential residents. Demand should remain strong for those looking to sell their house.”

Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:

“My property was on the market a while when Martin contacted me. He was really persistent and did a lot of research - well that’s what was needed. Martin promised to give weekly feedback, which he did and it was not long before we were had an agreed sale. Thank you for going that extra mile Martin!”

- Gary Ansell on Google Reviews

“I spoke with Kerl and Aamir in regards to a telephone valuation for my property and unlike other agents they gave me a realistic pricing for selling and an insight to the current state of both markets, will definitely be coming back to ludlowthompson when I’m looking to sell.”

- Lewis Wren on Google Reviews

ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms . Over a three year period we are ranked as the number 1 agent in the UK on allAgents out of 15,000+ agents, with 5800+ 5* reviews, and we are linked with feefo, a global Google Partner giving the customer another place to search for independent reviews of the company and the individuals that work at ludlowthompson.