The borough with the highest property prices in London, Kensington and Chelsea, had an average price for a flat exceeding *** million British pounds. London is the most populous metropolitan area in the UK, and living in it comes with a price tag. Unsurprisingly, the most expensive boroughs in terms of real estate prices are located in the heart of the metropolis: Kensington and Chelsea, the City of Westminster, and the City of London. In Kensington and Chelsea, home to several museums such as the Natural History Museum, the Victoria and Albert Museum, and the Science Museum, as well as galleries and theaters, the average price of apartments was over a million British pounds. How have residential property prices developed in recent years? The average house price in England have risen notably over the past decade, despite a slight decline in 2023. While London continues to be the hottest market in the UK, price growth in the capital has moderated. Conversely, prices in the more affordable cities, such as Belfast and Liverpool, have started to rise at a faster pace. Are residential property prices in London expected to grow in the future? Despite property prices declining in 2024, the market is forecast to continue to grow in the next five years, according to a October 2024 forecast. Some of the reasons for this are the robust demand for housing, the chronic shortage of residential properties, and the anticipated decline in mortgage interest rates.

The monthly house price index in London has increased since 2015, albeit with fluctuation. In May 2025, the index reached 99.1, which is a slight increase from the same month in 2024. Nevertheless, prices widely varied in different London boroughs, with Kensington and Chelsea being the priciest boroughs for an apartment purchase.

The house price index in London reached 99.1 index points in May 2025, which was an increase of 2.2 percent year on year. The house price index (HPI) is an easy way of illustrating trends in the house sales market and help simplify house purchase decisions. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2023. Average house prices in Londnon boroughs Location plays a huge role in the price of a home. Kensington and Chelsea and City of Westminster are undoubtedly the most expensive boroughs in London, with an average house price that can exceed one million British pounds. In comparison, a house in Barking and Dagenham cost approximately one third. Nevertheless, the housing market is the busiest in the boroughs with average house prices. How have regional house prices in the UK developed? House prices in other UK regions have risen even more than in London. In Northern Ireland, the house price index reached nearly 120 index points in May 2025, ranking it among the regions with the highest property appreciation. The UK house price index stood at 103 index points, suggesting an increase of 51 percent since 2015.

According to the forecast, house prices in London are expected to continue to increase until 2029. During the five-year period from 2025 to 2029, the house prices for mainstream properties are forecast to rise by **** percent. In 2023, the average house price in London ranged between ******* British pounds and *** million British pounds, depending on the borough. Barking and Dagenham, Bexley, Newham, and Croydon were some of the most affordable boroughs to buy a house.

The capital city of England, London has a population of approximately ************ residents and by 2041, the population of London is estimated to exceed ** million individuals. To house them, the sprawling city has a stock of approximately *** million dwellings. Annually, there are between ****** and ****** housing construction completions. Average house prices The average house price for a first-time buyer in London was over ******* British pounds in 2023, more than any other city in the UK. Overall, it was more affordable to buy a newly built property than an existing one, a price gap of over 100,000 British pounds. Average rental costs Unsurprisingly, London also topped the ranking as the most expensive region for renters. The average cost of rent exceeding ***** British pounds in 2024. Certain Boroughs in London will set back the average renter more than others. Westminster, Lambeth, and Hammersmith, Fulham, Kensington and Chelsea were the most expensive boroughs based on the average monthly rent.

This MSOA atlas provides a summary of demographic and related data for each Middle Super Output Area in Greater London. The average population of an MSOA in London in 2010 was 8,346, compared with 1,722 for an LSOA and 13,078 for a ward. The profiles are designed to provide an overview of the population in these small areas by combining a range of data on the population, births, deaths, health, housing, crime, commercial property/floorspace, income, poverty, benefits, land use, environment, deprivation, schools, and employment. If you need to find an MSOA and you know the postcode of the area, the ONS NESS search page has a tool for this. The MSOA Atlas is available as an XLS as well as being presented using InstantAtlas mapping software. This is a useful tool for displaying a large amount of data for numerous geographies, in one place (requires HTML 5). CURRENT MSOA BOUNDARIES (2011) PREVIOUS MSOA BOUNDARIES (2001) NB. It is currently not possible to export the map as a picture due to a software issue with the Google Maps background. We advise you to print screen to copy an image to the clipboard. Tips: - Select a new indicator from the Data box on the left. Select the theme, then indicator and then year to show the data. - To view data just for one borough*, use the filter tool. - The legend settings can be altered by clicking on the pencil icon next to the MSOA tick box within the map legend. - The areas can be ranked in order by clicking at the top of the indicator column of the data table. Themes included here are Census 2011 Population, Mid-year Estimates, Population by Broad Age, Households, Household composition, Ethnic Group, Country of Birth, Language, Religion, Tenure, Dwelling type, Land Area, Population Density, Births, General Fertility Rate, Deaths, Standardised Mortality Ratio (SMR), Population Turnover Rates (per 1000), Crime (numbers), Crime (rates), House Prices, Commercial property (number), Rateable Value (£ per m2), Floorspace; ('000s m2), Household Income, Household Poverty, County Court Judgements (2005), Qualifications, Economic Activity, Employees, Employment, Claimant Count, Pupil Absence, Early Years Foundation Stage, Key Stage 1, GCSE and Equivalent, Health, Air Emissions, Car or Van availability, Income Deprivation, Central Heating, Incidence of Cancer, Life Expectancy, and Road Casualties. The London boroughs are: City of London, Barking and Dagenham, Barnet, Bexley, Brent, Bromley, Camden, Croydon, Ealing, Enfield, Greenwich, Hackney, Hammersmith and Fulham, Haringey, Harrow, Havering, Hillingdon, Hounslow, Islington, Kensington and Chelsea, Kingston upon Thames, Lambeth, Lewisham, Merton, Newham, Redbridge, Richmond upon Thames, Southwark, Sutton, Tower Hamlets, Waltham Forest, Wandsworth, Westminster. These profiles were created using the most up to date information available at the time of collection (Spring 2014). You may also be interested in LSOA Atlas and Ward Atlas.

Prime yields in the office real estate market in Central London increased in 2023. In the fourth quarter of the year, the prime yield was the lowest in the Mayfair/St. James, at **** percent. At the other end of the scale were Stratford and Canary Wharf, where the prime office yield was *** percent. Yields are calculated as the ratio of the annual rental value to the cost of a property and measure the income expected from an investment. While lower yields indicate lower return on investment, they are usually a sign of highly competitive markets with strong investment appetite. In recent years, prime office yields in London have maintained levels below four percent.

Newham, Barking and Dagenham, and Haringey had the highest average gross yield in London in 2023. In Newham, the average yield was **** percent. Westminster, on the other hand, had the lowest rental yield, at under *** percent. Rental yield is a measure of profitability and shows the annual rental income as a share of the property price. Although higher yields imply a higher annual return, they do not take into consideration the rental growth and house price appreciation potential of the property.

Renters in the UK spent on average 32.5 percent of their income on rent as of January 2025. Scotland and Yorkshire and Humber were the most affordable regions, with households spending less than 28 percent of their gross income on rent. Conversely, London, South West, and South East had a higher ratio. Greater London is the most expensive region for renters Greater London has a considerably higher rent than the rest of the UK regions. In 2024, the average rental cost in Greater London was more than twice higher than in the North West or West Midlands. Compared with Greater London, rent in the South East region was about 600 British pounds cheaper. London property prices continue to increase In recent years, house prices in the UK have been steadily increasing, and the period after the COVID-19 pandemic has been no exception. Prime residential property prices in Central London are forecast to continue rising until 2027. A similar trend in prime property prices is also expected in Outer London.

The highest rental yield in the UK property market in the first quarter of 2024 was in the North East region, amounting to **** percent. Conversely, private rental homes in London had the lowest average gross yield, at **** percent. Rental yield is a measure of profitability and shows the annual rental income as a share of the property price. Although higher yields imply a higher annual return, they do not take into consideration the rental growth and house price appreciation potential of the property.