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.

The average house price in London increased slightly year-on-year as of June 2024, 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. Nevertheless, it was also one of the boroughs where prices fell the most. 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 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 house price index in London reached 129.9 index points in June 2024, which was an increase from a year ago, despite a mild correction. 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 2015. How have regional house prices in the UK developed? House prices in other UK regions have risen even more than in London. In the North West, the house price index exceeded 160 index points, ranking it among the regions with the highest property appreciation. The UK house price index stood at 151 index points, suggesting an increase of 51 percent since 2015. Average house prices 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.

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.

Rental rates of prime rental properties in Central London are forecast to increase by about one percent more than prime properties in the commuter zone between 2024 and 2028. Rental growth during this period is expected to reach 19 percent in Central London and almost 17 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.

Just as in many other countries, the housing market in the UK grew substantially during the coronavirus pandemic, fueled by robust demand and low borrowing costs. Nevertheless, high inflation and the increase in mortgage rates has led to house price growth slowing down. According to the forecast, 2024 is expected to see house prices decrease by ***** percent. Between 2024 and 2028, the average house price growth is projected at *** percent. A contraction after a period of continuous growth In June 2022, the UK's house price index exceeded *** index points, meaning that since 2015 which was the base year for the index, house prices had increased by ** percent. In just two years, between 2020 and 2022, the index surged by ** index points. As the market stood in December 2023, the average price for a home stood at approximately ******* British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next years. Growth is forecast to be stronger in 2024 and slow down in the period between 2025 and 2028. The rental market in London is expected to follow a similar trend, with Central London slightly outperforming Greater London.

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.

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 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.

Graph and download economic data for All-Transactions House Price Index for New London County, CT (ATNHPIUS09011A) from 1977 to 2024 about New London County, CT; Norwich; CT; HPI; housing; price index; indexes; price; and USA.

Prices for prime residential real estate in Central London were expected to decline slightly in 2024, followed by a gradual increase until 2028, according to a *********** forecast. During the five-year period, the prices are forecast to rise by **** percent. In comparison, regional prime property prices and Outer London prime property prices are forecast to grow at a lower rate.

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.

All-Transactions House Price Index for New London County, CT was 232.84000 Index 2000=100 in January of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for New London County, CT reached a record high of 232.84000 in January of 2024 and a record low of 36.35000 in January of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for New London County, CT - last updated from the United States Federal Reserve on July of 2025.

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

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.

Nationwide Housing Prices in the United Kingdom decreased to 537.30 points in June from 541.60 points in May of 2025. This dataset provides - United Kingdom Nationwide Housing Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in London, KY (CBSA) (MEDLISPRIPERSQUFEEYY30940) from Jul 2017 to Dec 2024 about London, square feet, KY, listing, median, price, and USA.

Affordability ratios calculated by dividing house prices by gross annual workplace-based earnings. Based on the median and lower quartiles of both house prices and earnings in England and Wales.

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.