House Price Changes in Each London Borough Over a Year

The average house price change in London boroughs is more nuanced over a year than over a decade. The percentage change in average house prices across London boroughs year-on-year swings from -2.32% (in Hammersmith and Fulham) to +19.32% (in Southwark).

The percentage change in average house prices across London boroughs is calculated from the end price (the latest average house price on London Property Guide) and the start price (the year-earlier average house price on London Property Guide).

The three boroughs where the average house price increased the most over the past year are Southwark, Hounslow, and Wandsworth.

In Southwark, the average house price increased 19.32% - the largest increase. The average house price went from £499,003 to £595,400.

In Hounslow, the average house price increased 16.81% - the second-largest increase. The average house price went from £462,766 to £540,576.

In Wandsworth, the average house price increased 14.29% - the third-largest increase. The average house price went from £623,019 to £712,031.

The three boroughs where the average house price decreased the most over the past year are Hammersmith and Fulham, Tower Hamlets, and the City of Westminster.

In Hammersmith and Fulham, the average house price decreased 2.32% - the largest decrease. The average house price went from £765,748 to £748,010.

In Tower Hamlets, the average house price decreased 1.91% - the second-largest decrease. The average house price went from £487,533 to £478,243.

In the City of Westminster, the average house price decreased 1.34% - the third-largest decrease. The average house price went from £975,037 to £961,982.

Croydon, Redbridge, and Newham also saw year-on-year decreases in average house prices. Croydon decreased 1.31% (£403,679 to £398,402). Redbridge decreased 1.06% (£495,108 to £489,884). And Newham decreased 0.81% (£408,969 to £405,658).

The decade narrative - in House Price Changes in Each London Borough Over a Decade - was that average house prices in Outer London boroughs increased more than in Inner London boroughs. The year-on-year narrative is more nuanced. The largest and lowest average house price change over the past year are both Inner London boroughs - Southwark and Hammersmith and Fulham (there is a 21.64 percentage points spread).

The broad pattern still leans towards the decade narrative. Average house prices in Outer London boroughs - where demand can push up the average house price - increase more than in Inner London boroughs.

Data Sources

London Property Guide uses internal and external data sources. Review the data sources mentioned in this insight.

• Our data comes from Boroughs on London Property Guide. This data is obtained from official UK property data sources.

• We reference House Price Changes in Each London Borough Over a Decade from Insights on London Property Guide.

Disclaimer

London Property Guide publishes data-driven insights using official data. This disclaimer applies to all insights published.

The figures on this page are sourced from official UK property data. They are for informational purposes and do not constitute financial or investment advice. Seek independent professional advice before making any property decisions.