The price of terraced housing in Redbridge and Bexley rose by over **** percent year-on-year in *********, making them the boroughs with the highest price increase in London. According to the house price index for London, the cost of buying a house has declined from the peak in 2022. At about ******* British pounds, the most affordable borough in London to purchase a terraced house was Barking and Dagenham. The same borough also had the cheapest average price for semi-detached homes in London.

The simple average house price for terraced houses in London declined in 2023 after soaring for three years straight. In 2023, the average price amounted to 689,000 British pounds. In 2002, homebuyers could buy three comparable properties for the same price. Additionally, buying purchasing a terraced house in London was about 400,000 British pounds more expensive than the national average.

This statistic shows the average price of terraced houses built between 1946 and 1960 in Greater London (United Kingdom) from the first quarter of 2011 to the fourth quarter of 2015, according to the Halifax house price index. In the second quarter ending of 2014, the average price of a terraced house from that period in Greater London was 277 thousand British pounds (GBP). By 2015, this price has increased and reached the level of around 354 thousand British pounds in the fourth quarter of 2015.

The average price of a semi-detached house in Camden, London's third most expensive borough, declined by *** percent year-on-year in June 2024. Despite a decline of nearly ** percent, Kensington and Chelsea saw the most expensive semi-detached homes prices in London. At the other end of the spectrum was Barking and Dagenham - the most affordable and only borough where homebuyers could purchase a property for under ******* British pounds. Semi-detached homes are those that were built as one of two properties that share a common wall.

The average house prices for detached and semi-detached dwellings in London declined in 2023 after several years of strong growth. In 2023, the simple average price of a detached house amounted to 1.14 million British pounds, which was a decline from the previous year when the average price was 1.21 million British pounds. Semi-detached houses were notably less expensive, with the average price totaling 749,000 British pounds in 2023.

The average price of a detached house in Kensington and Chelsea, London's most expensive borough, fell by ** percent year-on-year in June 2024. Homebuyers spent on average approximately *** million British pounds to buy a detached house in Kensington and Chelsea. Detached houses are those that are not attached to any other dwellings. Finding such property available for purchase in London is not only hard but out of reach for the vast majority.

In 2022, house price growth in the UK slowed, after a period of decade-long increase. Nevertheless, in March 2025, prices reached a new peak, with the average home costing ******* British pounds. This figure refers to all property types, including detached, semi-detached, terraced houses, and flats and maisonettes. Compared to other European countries, the UK had some of the highest house prices. How have UK house prices increased over the last 10 years? Property prices have risen dramatically over the past decade. According to the UK house price index, the average house price has grown by over ** percent since 2015. This price development has led to the gap between the cost of buying and renting a property to close. In 2023, buying a three-bedroom house in the UK was no longer more affordable than renting one. Consequently, Brits have become more likely to rent longer and push off making a house purchase until they have saved up enough for a down payment and achieved the financial stability required to make the step. What caused the recent fluctuations in house prices? House prices are affected by multiple factors, such as mortgage rates, supply, and demand on the market. For nearly a decade, the UK experienced uninterrupted house price growth as a result of strong demand and a chronic undersupply. Homebuyers who purchased a property at the peak of the housing boom in July 2022 paid ** percent more compared to what they would have paid a year before. Additionally, 2022 saw the most dramatic increase in mortgage rates in recent history. Between December 2021 and December 2022, the **-year fixed mortgage rate doubled, adding further strain to prospective homebuyers. As a result, the market cooled, leading to a correction in pricing.

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).

This dataset provides information about the number of properties, residents, and average property values for London Terrace cross streets in New Rochelle, NY.

Canada Construction Price Index: Residential: Single Detached House: London data was reported at 105.500 2023=100 in Mar 2025. This records an increase from the previous number of 103.000 2023=100 for Dec 2024. Canada Construction Price Index: Residential: Single Detached House: London data is updated quarterly, averaging 100.700 2023=100 from Mar 2023 (Median) to Mar 2025, with 9 observations. The data reached an all-time high of 105.500 2023=100 in Mar 2025 and a record low of 99.300 2023=100 in Jun 2023. Canada Construction Price Index: Residential: Single Detached House: London data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.EA011: Construction Price Index: 2023=100.

UK Residential Real Estate Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

The UK residential real estate market is driven by robust demand for housing, especially in major cities like London, Manchester, and Birmingham. The UK government’s housing strategy aims to deliver 300,000 new homes annually to meet demand, which continues to outpace supply. With an increasing population and changing demographics, including more people opting for homeownership, demand for residential properties remains high. The need for family homes and affordable housing continues to drive growth in both urban and suburban markets.

Moreover, government initiatives such as the Help to Buy scheme and Stamp Duty cuts have played a significant role in encouraging first-time buyers to enter the residential market. Recent changes to Stamp Duty, which saw exemptions for homes below a certain price threshold, have increased affordability for many buyers. The government’s First Homes Scheme offers new properties at a discounted rate for first-time buyers, making homeownership more accessible. According to the UK Ministry of Housing, Communities, and Local Government, the scheme has helped thousands of young buyers get onto the property ladder.

This dataset provides information about the number of properties, residents, and average property values for London Terrace cross streets in Rockville, MD.

This dataset provides information about the number of properties, residents, and average property values for Beechwood Terrace cross streets in London, KY.

This dataset provides information about the number of properties, residents, and average property values for London Terrace cross streets in Stratford, CT.

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

Detached houses in the United Kingdom (UK) fetched on average 200,000 British pounds higher prices than semi-detached houses in 2023. The simple average price for detached houses was 496,000 British pounds. Meanwhile, semi-detached houses sold for 296,000 British pounds, on average. Prices also varied depending on whether the property was newly built or existing. On average, newly built properties were more affordable.

This dataset provides information about the number of properties, residents, and average property values for London Terrace cross streets in Fairfield, CT.

This dataset provides information about the number of properties, residents, and average property values for London Terrace cross streets in Springfield, NJ.

The simple average house price for bungalow dwellings in London, United Kingdom (UK), generally increased with slight fluctuation from 2000 to 2023. In 2023, the average price for a bungalow in London was 595,000 British pounds. Nationally, flats in converted houses and terraced housing are the most affordable housing types for homebuyers.

The simple average price for newly built dwellings in London declined by 61,000 British pounds in 2023. In that year, the average price for all housing types, including flats, detached, semi-detached, terraced, and bungalows, amounted to 391,000 British pounds. The highest price was observed in 2015 at 484,000 British pounds.