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Evening Standard
Evening Standard
Business
Ruth Bloomfield

Barbican Estate sees average property prices hit £1 million for first time as ‘remorseful’ London leavers compete for City flats

London Museum of London

A one-bedroom flat in Cromwell Tower is under offer having been reduced to £895,000 late last year. Through Nicola Lee Ltd.

(Picture: Rightmove)

The price of a flat in the Barbican Estate, the Brutalist concrete jungle of around 2,000 homes in the City of London, has breached the £1 million mark for the first time.

According to exclusive data by Savills the average sale price of properties in the 1960s landmark hit £1.016 million during 2021, up from an average of £905,000 in 2019. This represents a jump of 12 per cent.

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