The borough with the highest property prices in London, Kensington and Chelsea, had an average price for a flat that was about ******* British pounds higher than the London average. 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 declined slightly in 2023 after increasing year-on-year since 2008. The housing market in Wales also experienced a mild correction, but prices in Scotland and Northern Ireland continued to grow. Since 2015, the base year of the UK House Price Index, house prices in London have risen by over ** percent. In London, the cost of a flat decreased by *** percent year-on-year as of June 2024. However, some of the most expensive boroughs recorded a decline of over ** percent. Are residential property prices in London expected to grow in the future? Despite property prices declining in 2023, the market is forecast to continue to grow in the next five years, according to a March 2023 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.

According to the forecast, house prices in London are expected to fall slightly in 2024, followed by a recovery in the following years. The decline can be explained with the cost of living crisis and the dramatic increase in borrowing costs. As the economy recovers in the next five-years, house prices for mainstream properties are forecast to rise by almost ** 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.

This statistic shows the average price of flats and maisonettes in the Greater London (United Kingdom) from the first quarter of 2012 to the fourth quarter of 2015, according to the Halifax house price index. In the fourth quarter of 2014, the average price of a flat or maisonettes in Greater London was 329.9 thousand British pounds (GBP). By the end of the fourth quarter of 2015, the price increased to 385.3 thousand GBP.

Analysis of ‘Housing Prices in London’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/arnavkulkarni/housing-prices-in-london on 28 January 2022.

--- Dataset description provided by original source is as follows ---

Content

This dataset comprises of various house listings in London and neighbouring region. It also encompasses the parameters listed below, the definitions of which are quite self-explanatory. • Property Name • Price • House Type - Contains one of the following types of houses (House, Flat/Apartment, New Development, Duplex, Penthouse, Studio, Bungalow, Mews) • Area in sq ft • No. of Bedrooms • No. of Bathrooms • No. of Receptions • Location • City/County - Includes London, Essex, Middlesex, Hertfordshire, Kent, and Surrey. • Postal Code

Inspiration

This dataset has various parameters for each house listing which can be used to conduct Exploratory Data Analysis. It can also be used to predict the house prices in various regions of London by means of Regression Analysis or other learning methods.

--- Original source retains full ownership of the source dataset ---

The monthly house price index in London has been steadily increasing in recent years. In June 2024, the index reached 129.9, up from 129 a year before. Nevertheless, prices widely varied in different London boroughs, with Kensington and Chelsea being the priciest boroughs for an apartment purchase.

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 UK residential real estate market, valued at approximately £360.27 billion in 2025, is projected to experience robust growth, driven by several key factors. Strong population growth, particularly in urban centers, fuels consistent demand for housing, while low interest rates and government initiatives aimed at boosting homeownership further stimulate market activity. The market is segmented into apartments and condominiums, and landed houses and villas, with each segment exhibiting unique growth trajectories. Apartments and condominiums, particularly in London and other major cities, are expected to see higher demand due to affordability concerns and lifestyle preferences, while landed houses and villas continue to appeal to those seeking more space and privacy, particularly in suburban or rural areas. Competition among major developers such as Berkeley Group, Barratt Developments, and others influences pricing and construction activity. While challenges exist, such as fluctuating economic conditions and rising construction costs, the overall outlook for the UK residential real estate market remains positive. The market's performance is also influenced by broader economic factors, such as inflation and employment rates, and is likely to see regional variations, with London and the South East generally commanding higher prices. The market's growth is expected to continue through 2033, with a compound annual growth rate (CAGR) of 5.75%. This growth will likely be influenced by factors such as evolving demographic trends (including increasing urbanization and family sizes), government policies impacting the housing market, and technological advancements impacting the construction and sales processes. International investment continues to play a significant role, especially in prime London properties. However, the market is susceptible to external shocks, such as changes in interest rates or economic downturns. Understanding these factors is crucial for investors and stakeholders operating within the UK residential real estate sector. Market analysis suggests continued demand for sustainable and energy-efficient housing, influencing the development of future projects. This comprehensive report provides an in-depth analysis of the UK residential real estate market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this research offers invaluable insights for investors, developers, and industry professionals seeking to navigate this dynamic market. The report leverages extensive data analysis, covering key segments, emerging trends, and major players, to provide a clear understanding of market dynamics and future growth potential. High-search-volume keywords like UK property market, UK house prices, London property market, UK residential real estate investment, build-to-rent UK, multifamily UK, and UK housing market forecast are integrated throughout to ensure maximum online visibility. Recent developments include: May 2023: A UAE-based investment manager, Rasmala Investment Bank, has launched a USD 2bn ( €1.8bn) UK multifamily strategy for a five-year period to build a USD 2bn portfolio of UK residential properties. The strategy is focused on the UK market for multifamily properties through a Shariah-compliant investment vehicle, initially targeting the serviced apartment (SAP) and BTR (build-to-rent) subsectors within and around London. Seeded by Rasmala Group, the strategy is backed by an active investment pipeline for the next 12 – 18 months., November 2022: ValuStrat, a Middle East consulting company, increased its foothold in the UK by acquiring an interest in Capital Value Surveyors, a real estate advisory services company with offices in London. The UK continues to be one of the most established real estate markets worldwide and attracts foreign investors regularly. They are excited to expand their presence there to better serve all of their clients, both in the UK and the Middle East.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Supply Chain Disruptions, Lack of Skilled Labour. Notable trends are: Increasing in the United Kingdom House Prices.

More than **** of London's boroughs witnessed an annual decrease in residential property prices as of June 2024. The City of Westminster, one of the most expensive areas for housing in London, experienced the greatest decline in prices, amounting to ** percent year-on-year. In Bexley, the borough with the highest increase, the cost of buying a residential property rose by *** percent. The City of Westminster, Kensington and Chelsea, and the City of London, which happen to be

This dataset provides information about the number of properties, residents, and average property values for Price Road cross streets in London, AR.

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

This repository is the second updated version of the attribute-linked residential property price dataset in UK Data Service ReShare 854240 (https://reshare.ukdataservice.ac.uk/854240/). As with the first updated version (ReShare 855033 https://reshare.ukdataservice.ac.uk/855033/) in 2021, this updated dataset contains individual property transactions and associated variables from both Land Registry Price Paid Dataset (LR PPD) and the Ministry for Housing, Communities and Local Government (MHCLG) Domestic Energy Performance Certificate (EPC) data. This is a linked result by address matching between LR-PPD data (1/1/1995-27/6/2022) and Domestic EPCs data (the twelfth version: ending with 30/6/2022). It is the whole of the 2022 update house price per square metre dataset published in the Greater London Authority (GLA) London Datastore (https://data.london.gov.uk/dataset/house-price-per-square-metre-in-england-and-wales). The linked dataset in this repository is the uncorrected version, recording almost 20 million transactions with 106 variables in England and Wales between 1/1/1995 and 27/6/2022. We have offered technical validation and data cleaning code in UKDA ReShare 854240 to help users to evaluate the representation and to clean up the data. There is no unique way to clean this raw linked dataset, so we suggest users develop their own clean-up process based on their research requirements. In addition, this repository covers the original LR PPD and Domestic EPCs for the linked data (house price per square metre dataset). Similar to the first updated version, a field header has been added in LR PPD. Six variables (individual lodgement identifier, address, address 1, address 2, address 3, postcode) in Domestic EPCs are removed. A newly created unique identifier (id) is added in Domestic EPCs, this id is newly created for Version 12 Domestic EPCs. It is not the same id as in the Domestic EPCs from UK Data Service ReShare 854240 and ReShare 855033. Since November 2021 DLUCH has published Domestic EPCs with the Unique Property Reference Number (UPRN) hence the dataset in this repository contains the UPRN information from the Domestic EPCs.

Graph and download economic data for Residential Property Prices for United Kingdom (QGBN628BIS) from Q2 1968 to Q1 2025 about United Kingdom, residential, HPI, housing, price index, indexes, and price.

Through reading this publication you will:

• gain an understanding of how house prices are set in economics terms, how they are measured, and why the cost of housing matters for London’s economy and its residents

• see whether incomes and earnings in London have kept pace with the costs of home ownership in London, and see how affordability may be affected by future changes in interest rates

• find out about the drivers of demand for residential property in London, and how the supply of homes has responded to changing conditions

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.

Prices for prime residential real estate in Outer London are expected to grow year-on-year, achieving a cumulative increase of over ** percent until 2028. According to a *********** forecast, prices growth will be slower at first, but accelerate toward the end of the period. Meanwhile, Central London prime property prices are projected to experience a stronger growth rate.

The prime property rental real estate market in Central London is expected to see an overall increase in rental rates during the five-year period between 2024 and 2028, according to a May 2024 forecast. Over the five-year period, the cumulative prime rental growth is forecast at 15.9 percent. Property price increase in Outer London is expected to be higher.

These National Statistics provide monthly estimates of the number of residential and non-residential property transactions in the UK and its constituent countries. National Statistics are accredited official statistics.

England and Northern Ireland statistics are based on information submitted to the HM Revenue and Customs (HMRC) Stamp Duty Land Tax (SDLT) database by taxpayers on SDLT returns.

Land and Buildings Transaction Tax (LBTT) replaced SDLT in Scotland from 1 April 2015 and this data is provided to HMRC by https://www.revenue.scot/" class="govuk-link">Revenue Scotland to continue the time series.

Land Transaction Tax (LTT) replaced SDLT in Wales from 1 April 2018. To continue the time series, the https://gov.wales/welsh-revenue-authority" class="govuk-link">Welsh Revenue Authority (WRA) have provided HMRC with a monthly data feed of LTT transactions since July 2021.

LTT figures for the latest month are estimated using a grossing factor based on data for the most recent and complete financial year. Until June 2021, LTT transactions for the latest month were estimated by HMRC based upon year on year growth in line with other UK nations.

LTT transactions up to the penultimate month are aligned with LTT statistics.

Go to Stamp Duty Land Tax guidance for the latest rates and information.

Go to Stamp Duty Land Tax rates from 1 December 2003 to 22 September 2022 and Stamp Duty: rates on land transfers before December 2003 for historic rates.

The latest release was published 09:30 27 June 2025 and was updated with provisional data from completed transactions during May 2025.

The next release will be published 09:30 31 July 2025 and will be updated with provisional data from completed transactions during June 2025.

https://webarchive.nationalarchives.gov.uk/ukgwa/20240320184933/https://www.gov.uk/government/statistics/monthly-property-transactions-completed-in-the-uk-with-value-40000-or-above" class="govuk-link">Archive versions of the Monthly property transactions completed in the UK with value of £40,000 or above are available via the UK Government Web Archive, from the National Archives.

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.

The European condominiums and apartments market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5.50% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing urbanization across major European cities like London, Paris, Berlin, and Amsterdam is creating significant demand for residential properties, particularly within conveniently located, modern condominium and apartment complexes. Furthermore, favorable government policies aimed at boosting housing affordability and stimulating construction activity in several European nations are contributing to the market's expansion. Strong economic growth in several key European markets, coupled with rising disposable incomes and a growing preference for urban living amongst millennials and young professionals, are also driving demand. The market is segmented by production, consumption, import/export analysis (both value and volume), and price trends, allowing for a granular understanding of the market's dynamics. Leading players such as CPI Property Group, Aroundtown Property Holdings, and others are actively shaping the market through development projects and strategic acquisitions. While supply chain disruptions and fluctuating construction material costs pose some restraints, the overall market outlook remains positive, driven by long-term demographic trends and a sustained focus on urban development. The regional breakdown shows significant market activity across Western and Northern Europe, with the United Kingdom, Germany, France, and the Netherlands representing key markets. The continued development of smart homes and sustainable building practices is a significant trend within the sector, impacting both construction methods and consumer preferences. Market analysis reveals a positive correlation between economic growth and demand for higher-end apartments and condominiums, with premium properties commanding higher prices. The sustained growth in the tourism sector in certain European countries also impacts rental yields and property values, leading to investment in new development projects aimed at catering to both local and international buyers. The market shows resilience to economic downturns due to the underlying demand driven by population growth and urbanization, although pricing may fluctuate based on interest rates and economic conditions. Overall, the European condominiums and apartments market presents attractive opportunities for investors and developers alike, despite the challenges presented by global economic uncertainty. This in-depth report provides a comprehensive analysis of the European condominiums and apartments market, covering the period from 2019 to 2033. It delves into market trends, key players, and future growth prospects, offering invaluable insights for investors, developers, and industry professionals. The report utilizes data from the base year 2025 and forecasts up to 2033, incorporating historical data from 2019-2024. Recent developments include: November 2022: Ukio, a short-term furnished apartment rental platform aimed at the "flexible workforce," raised a Series-A round of funding totalling EUR 27 million (USD 28 million). The cash injection totalled EUR 17 million (USD 18.03 million) in equity and EUR 10 million (USD 10.61 million) in debt and came 14 months after the Spanish company announced a seed round of funding of EUR 9 million (USD 9.54 million)., September 2022: Gamuda Land planned to expand its international markets, with a significant expansion plan that will see the developer add an average of five new overseas projects per year beginning in the fiscal year 2023 (FY2023). This move follows the opening of Gamuda Land's first property in the United Kingdom (West Hampstead Central in London) and second in Australia (The Canopy on Normanby in Melbourne).. Key drivers for this market are: Increasing Developments in the Residential Segment, Investments in the Senior Living Units. Potential restraints include: Limited Availability of Land Hindering the Market. Notable trends are: Demand for Affordable Housing.