London Property Prices | Averages for London Boroughs

Please visit our London Conveyancing Solicitors page for London's current average property prices.

London, like the rest of the country, has experienced a rocky month in terms of house prices. All boroughs apart from Hackney and Greenwich have seen a fall in property prices. However, there is no need to panic about London house prices just yet. It is suspected that the wet weather and the Olympics are having a huge impact on the sale of properties. Sellers in a bid to move before the start of the new school year in September are therefore lowering prices in order to achieve quick sales. If you are a cash ready buyer who is eager for a fast completion now is the perfect time to buy as prices are likely to bounce back up again in September! 

 

Table | Average London Property Prices

Table | Five London Boroughs who have seen the biggest monthly increase

Table | Five London Boroughs who seen the biggest monthly decrease

 

Every month Rightmove, the UK’s biggest property portal, releases their house price index, detailing the average asking price for London property. Rightmove have found that Kensington and Chelsea remains the most expensive London borough to move to with average prices being well over £2,000,000. This is an increase of 10.8% on last year. Over the last year Camden has had the biggest increase in price with house prices rising by 16.4% from £796,000 to £926,000 making it the third most expensive London borough to buy property in.

 

Table | Average London Property Prices

Borough Avg. Price July 2012 Avg. Price June 2012 Monthly Change Avg. Price July 2011 Annual Change
Kensington and Chelsea £2,031,000 £2,140,000 -5.1% £1,833,000 10.8%
City of Westminister £1,331,000 £1,401,000 -5.0% £1,327,000 0.3%
Camden £926,000 £955,000 -3.0% £796,000 16.4%
Hammersmith and Fulham £868,000 £912,000 -4.9% £780,000 11.2%
Richmond-upon-Thames £685,000 £701,000 -2.2 £607,000 13.0%
Kingston-upon-Thames £665,000 £706,000 -5.8% £613,000 8.4%
Wandsworth £655,000 £687,000 -4.7% £587,000 11.6%
Islington £645,000 £664,000 -2.7% £594,000 8.6%
Brent £622,000 £682,000 -8.9% £622,000 -0.1%
Barnet £566,000 £567,000 -1.9% £505,000 10.2%
Haringey £539,000 £553,000 -2.6% £470,000 14.7%
Hackney £535,000 £532,000 0.6% £484,000 10.6%
Hounslow £524,000 £528,000 -0.8% £492,000 6.4%
Merton £469,000 £472,000 -0.8% £420,000 11.7%
Ealing £465,000 £466,000 -0.2% £419,000 11.1%
Lambeth £464,000 £475,000 -2.5% £419,000 10.7%
Tower Hamlets £450,000 £451,000 -0.3% £404,000 11.6%
Southwark £431,000 £446,000 -3.4% £401,000 7.7%
Lewisham £362,000 £370,000 -2.3% £338,000 7.0%
Hillingdon £355,000 £364,000 -2.5% £344,000 3.2%
Bromley £349,000 £359,000 -2.8% £340,000 2.8%
Enfield £346,000 £348,000 -0.6% £326,000 6.3%
Harrow £342,000 £345,000 -0.9% £327,000 4.5%
Sutton £333,000 £351,000 -4.9% £328,000 1.6%
Greenwich £294,000 £293,000 0.4% £277,000 6.0%
Waltham Forest £291,000 £297,000 -2.0% £291,000 0.3%
Redbridge £289,000 £293,000 -1.4% £284,000 1.9%
Croydon £288,000 £288,000 -0.2% £264,000 9.0%
Havering £258,000 £265,000 -2.3% £251,000 2.8%
Newham £240,000 £244,000 -1.7% £238,000 0.9%
Bexley £220,000 £221,000 -2.4% £211,000 4.2%
Barking and Dagenham £217,000 £221,000 -2.1% £213,000 1.8%

 

Table | Five London Boroughs who have seen the biggest monthly increase

London's Top 5 Avg. Price June 2012 Avg. Price May 2012 Monthly Change
Hackney £535,000 £532,000 0.6%
Greenwich £294,000 £293,000 0.4%
Croydon £288,000 £288,000 0.0%
Ealing £465,000 £466,000 -0.2%
Tower Hamlets £450,000 £452,000 -0.3%

 

Table | Five London Boroughs who have seen the biggest monthly decrease

London's Bottom 5 Avg. Price June 2012 Avg. Price May 2012 Monthly Change
Brent £622,000 £682,000 -8.9%
Kingston-upon-Thames £665,000 £706,000 -5.8%
Kensington and Chelsea £2,031,000 £2,140,000 -5.1%
City of Westminister £1,331,000 £1,401,000 -5.0%
Sutton £333,000 £351,000 -4.9%

Forgotten your password?

A valid e-mail address. All e-mails from the system will be sent to this address. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail.
Please re-type your e-mail address to confirm it is accurate.
Please choose a password for your account; it must be at least 6 characters.