The average house price decreased year-on-year in 12 of London's boroughs as of May 2025 amid a slowdown in the UK housing market. Barking and Dagenham was the most affordable borough to buy a house, with an average price of ******* British pounds. Kensington and Chelsea stood at the other end of the spectrum, with an average price of ****million British pounds. Demand for housing and house prices With vastly more job and cultural opportunities, megacities continue attracting people from all over the world. Since the beginning of the 1980s, the population of London has increased by more than 2 million inhabitants and in the next 20 years, it is forecast to increase by almost *** million. That makes London properties a valuable asset. Historically, property prices in London have risen steadily, albeit with minor fluctuations. Residential properties transactions Since 2006, the number of residential property sales has varied between *** million and *** million transactions annually. The housing boom in 2021 led to an increase in home purchases, but the economic uncertainty, stubborn inflation, and dramatically higher interest rates have led to transactions falling.

The average price of houses bought by first-time buyers was notably lower than houses purchased by repeat buyers in London in 2023. Homebuyers spent on overage 383,000 British pounds when purchasing their first property in 2023. For repeat buyers, this figure amounted to 657,000 British pounds in that year. In London, the average house price was about 590,000 British pounds in 2023.

The average mix-adjusted house price in London, England, peaked in August 2022, followed by a slight correction in 2023. In June 2024, the average house price amounted to about ******* British pounds, up from ******* British pounds a year ago. These recent fluctuations have also been observed by other measures, such as the house price index. The house price index is an important measure for the residential real estate market and is used to show changes in the value of residential properties.

The simple average house price for terraced houses in London declined in 2023 after soaring for three years straight. In 2024, the average price increased again, reaching 725,000 British pounds. Additionally, purchasing a terraced house in London was about 400,000 British pounds more expensive than the national average.

Median price paid for residential property in England and Wales, by property type and administrative geographies. Annual data.

This page is no longer being updated. Please use the UK House Price Index instead.

Mix-adjusted house prices, by new/pre-owned dwellings, type of buyer (first time buyer) and region, from February 2002 for London and UK, and average mix-adjusted prices by UK region, and long term Annual House Price Index data since 1969 for London.

The ONS House Price Index is mix-adjusted to allow for differences between houses sold (for example type, number of rooms, location) in different months within a year. House prices are modelled using a combination of characteristics to produce a model containing around 100,000 cells (one such cell could be first-time buyer, old dwelling, one bedroom flat purchased in London). Each month estimated prices for all cells are produced by the model and then combined with their appropriate weight to produce mix-adjusted average prices. The index values are based on growth rates in the mix-adjusted average house prices and are annually chain linked.

The weights used for mix-adjustment change at the start of each calendar year (i.e. in January). The mix-adjusted prices are therefore not comparable between calendar years, although they are comparable within each calendar year. If you wish to calculate change between years, you should use the mix-adjusted house price index, available in Table 33.

The data published in these tables are based on a sub-sample of RMS data. These results will therefore differ from results produced using full sample data. For further information please contact the ONS using the contact details below.
House prices, mortgage advances and incomes have been rounded to the nearest £1,000.
Data taken from Table 2 and Table 9 of the monthly ONS release.

Download from ONS website

The average house prices for detached and semi-detached dwellings in London declined in 2024 after several years of strong growth. In 2024, the simple average price of a detached house amounted to 1.15 million British pounds, which was a decline from the previous year when the average price was 1.14 million British pounds. Semi-detached houses were notably less expensive, with the average price totaling 757,000 British pounds in 2024.

Mean price paid for residential property in England and Wales, by property type and electoral ward. Annual data.

Median price paid for residential property in England and Wales, by property type and Middle layer Super Output Area (MSOA). Quarterly rolling annual data. Formerly HPSSA dataset 2.

Housing Index in the United Kingdom decreased to 511.60 points in June from 511.80 points in May of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Housing Inventory: Median Listing Price in London, KY (CBSA) (MEDLISPRI30940) from Jul 2016 to Dec 2024 about London, KY, listing, median, price, and USA.

Existing dwellings in London were generally more expensive than newly built ones. In 2024, the average price of existing homes was 633,000 British pounds, while new dwellings cost on average 408,000 British pounds.

Graph and download economic data for Housing Inventory: Average Listing Price Month-Over-Month in London, KY (CBSA) (AVELISPRIMM30940) from Jul 2017 to Dec 2024 about London, average, KY, listing, price, and USA.

Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data are available on GOV.UK.

This statistic illustrates the average house prices in London by local authority district as of December 1997 and December 2017. the graph shows the price rises that have occurred for housing in a twenty year period. The average house price in Kensington and Chelsea at the end of 1997 was over 265 thousand British pounds which rose to over 1.21 million British pounds in 2017. The entirety of London has seen huge price increases over the last twenty years.

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This table shows the average House Price/Earnings ratio, which is an important indicator of housing affordability. Ratios are calculated by dividing house price by the median earnings of a borough.

The Annual Survey of Hours and Earnings (ASHE) is based on a 1 per cent sample of employee jobs. Information on earnings and hours is obtained in confidence from employers. It does not cover the self-employed nor does it cover employees not paid during the reference period. Information is as at April each year. The statistics used are workplace based full-time individual earnings.

Land Registry housing data are for the first half of the year only, so that they comparable to the ASHE data which are as at April.
Prior to 2006 data are not available for Inner and Outer London.

The lowest 25 per cent of prices are below the lower quartile; the highest 75 per cent are above the lower quartile.
The "lower quartile" property price/income is determined by ranking all property prices/incomes in ascending order.
The 'median' property price/income is determined by ranking all property prices/incomes in ascending order. The point at which one half of the values are above and one half are below is the median.

Regional data has not been published by DCLG since 2012. Data for regions has been calculated by the GLA. Data for 2014 has been calculated by the GLA.

Link to DCLG Live Tables

United Kingdom House Price: Qtr: London data was reported at 468,543.734 GBP in Sep 2018. This records a decrease from the previous number of 468,844.925 GBP for Jun 2018. United Kingdom House Price: Qtr: London data is updated quarterly, averaging 93,611.000 GBP from Dec 1973 (Median) to Sep 2018, with 180 observations. The data reached an all-time high of 478,782.365 GBP in Mar 2017 and a record low of 12,847.658 GBP in Dec 1973. United Kingdom House Price: Qtr: London data remains active status in CEIC and is reported by Nationwide. The data is categorized under Global Database’s United Kingdom – Table UK.P001: House Price: Nationwide.

Update 29-04-2020: The data is now split into two files based on the variable collection frequency (monthly and yearly). Additional variables added: area size in hectares, number of jobs in the area, number of people living in the area.

Context

I have been inspired by Xavier and his work on Barcelona to explore the city of London! 🇬🇧 💂

Content

The datasets is primarily centered around the housing market of London. However, it contains a lot of additional relevant data: - Monthly average house prices - Yearly number of houses - Yearly number of houses sold - Yearly percentage of households that recycle - Yearly life satisfaction - Yearly median salary of the residents of the area - Yearly mean salary of the residents of the area - Monthly number of crimes committed - Yearly number of jobs - Yearly number of people living in the area - Area size in hectares

The data is split by areas of London called boroughs (a flag exists to identify these), but some of the variables have other geographical UK regions for reference (like England, North East, etc.). There have been no changes made to the data except for melting it into a long format from the original tables.

Acknowledgements

The data has been extracted from London Datastore. It is released under UK Open Government License v2 and v3. The underlining datasets can be found here: https://data.london.gov.uk/dataset/uk-house-price-index https://data.london.gov.uk/dataset/number-and-density-of-dwellings-by-borough https://data.london.gov.uk/dataset/subjective-personal-well-being-borough https://data.london.gov.uk/dataset/household-waste-recycling-rates-borough https://data.london.gov.uk/dataset/earnings-place-residence-borough https://data.london.gov.uk/dataset/recorded_crime_summary https://data.london.gov.uk/dataset/jobs-and-job-density-borough https://data.london.gov.uk/dataset/ons-mid-year-population-estimates-custom-age-tables

Cover photo by Frans Ruiter from Unsplash

Inspiration

The dataset lends itself for extensive exploratory data analysis. It could also be a great supervised learning regression problem to predict house price changes of different boroughs over time.