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.

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.

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.

Housing Index in the United Kingdom decreased to 514.20 points in September from 515.60 points in August of 2025. This dataset provides - United Kingdom House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This page is no longer being updated.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

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

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.

Quarterly house price data based on a sub-sample of the Regulated Mortgage Survey.

Median price paid for residential property in England and Wales, for all property types by lower layer super output area. Annual data..

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.

Graph and download economic data for Real Residential Property Prices for United Kingdom (QGBR628BIS) from Q2 1968 to Q2 2025 about United Kingdom, residential, HPI, housing, real, price index, indexes, and price.

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.

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

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

Rental rates of prime rental properties in Central London are forecast to increase by about *** percent more than prime properties in the commuter zone between 2024 and 2028. Rental growth during this period is expected to reach ** percent in Central London and almost ** percent in Outer London. Most of the increase is forecast to take place in 2026. In comparison, rents of mainstream properties are expected to increase at a lower rate.

The UK housing market continued to show significant regional variations in 2025, with London maintaining its position as the most expensive city for homebuyers. The average house price in the capital stood at 555,625 British pounds in February, nearly double the national average. However, the market dynamics are shifting, with London experiencing only a modest 1.7 percent annual increase, while other cities like Belfast and Liverpool saw more substantial growth of over nine percent respectively. Affordability challenges and market slowdown Despite the continued price growth in many cities, the UK housing market is facing headwinds. The affordability of mortgage repayments has become the biggest barrier to property purchases, with the majority of the respondents in a recent survey citing it as their main challenge. Moreover, a rising share of Brits have reported affordability as a challenge since 2021, reflecting the impact of rising house prices and higher mortgage rates. The market slowdown is evident in the declining housing transaction volumes, which have plummeted since 2021. European context The stark price differences are mirrored in the broader European context. While London boasts some of the highest property prices among European cities, a comparison of the average transaction price for new homes in different European countries shows a different picture. In 2023, the highest prices were found in Austria, Germany, and France.

Summary statistics for housing transactions by local authority in England and Wales, on an annual basis, updated quarterly using HM Land Registry Price Paid Data. Select values from the Year and Month dimensions for data for a 12-month period ending that month and year (e.g. selecting June and 2018 will return the twelve months to June 2018).

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

FOCUSONLONDON2011: HOUSING:AGROWINGCITY With the highest average incomes in the country but the least space to grow, demand for housing in London has long outstripped supply, resulting in higher housing costs and rising levels of overcrowding. The pressures of housing demand in London have grown in recent years, in part due to fewer people leaving London to buy homes in other regions. But while new supply during the recession held up better in London than in other regions, it needs to increase significantly in order to meet housing needs and reduce housing costs to more affordable levels. This edition of Focus on London authored by James Gleeson in the Housing Unit looks at housing trends in London, from the demand/supply imbalance to the consequences for affordability and housing need. PRESENTATION: How much pressure is London’s popularity putting on housing provision in the capital? This interactive presentation looks at the effect on housing pressure of demographic changes, and recent new housing supply, shown by trends in overcrowding and house prices. Click on the start button at the bottom of the slide to access. View Focus on London - Housing: A Growing City on Prezi FACTS: Some interesting facts from the data… ● Five boroughs with the highest proportion of households that have lived at their address for less than 12 months in 2009/10: