London House Prices by London borough

Published 19th of January, 2022

The latest data from the Land Registry shows that the average house price in London rose by 0.2% or £941 to £519,934 in November 2021. House prices fell in 19 of the 34 London boroughs during November.

The biggest rises were Camden up £86,359 (9.9%), Islington up £47,091 (6.5%) and Newham up £19,867 (5.1%).

The biggest London house price falls last month were to be found in Kensington & Chelsea down £104,112 (7.3%), the City of Westminster down £50,312 (4.9%) and the City of London down £43,579 (5.1%).   



House Prices in London

The average house price in London is £519,934. This is 80% or £231,804 higher than the £288,130 average house price in England.

House prices in London have risen by 5.1% over the last twelve months compared to an average increase in house prices across England of 9.8%. 

In absolute monetary terms, this translates to an average increase of £25,382 in London and £25,720 in England. House prices in England have therefore increased more in relative, but less in absolute terms than they have in London over the last 12 months. 

To see the house prices and house price trends by London borough keep reading, you will find all that house price data in the body of this article.

London House Price Outlook

In the short term, following the outworking of the impacts of the stamp duty holiday, we expect house prices in London to increase.  The Stamp Duty Holiday has led to an unusual amount of home buying and selling and the 'race for space' may have changed the broader patterns of housing demand, but we expect house prices in London to remain firm.

In the medium term as the pandemic, risks subside and the UK economy is re-opened we would expect to see a continued recovery in housing transaction volumes and positive momentum maintained for house prices.

Please note that lower than usual levels of housing transactions mean that house prices at the borough level will show higher levels of volatility than normal.

 

London House Price Graphs

 

House Price Graph 1: Average London House Prices Since January 2019

Chart showing average London House Prices

House prices in London rose by 0.2% or £941 last month, whereas house prices rose by 1.4% or £3,894 on average across England.

House Price Graph 2: Average London House Prices by London Borough

Chart showing average house prices by london borough twindig anthony codling

London House Price Stamp Duty Holiday Winners

The City of London saw the biggest house price growth during the COVID-19 Stamp Duty Tax Holiday. During the Stamp Duty Holiday house prices in the City of London increased, on average, by more than £238,000, an increase of 27.4%. This is quite staggering given the maximum stamp duty tax saving was 'just' £15,000, suggesting to us that whilst the stamp duty holiday was a stimulus it was not the only factor driving house prices at the time.  

Hammersmith and Fulham saw the second biggest rises up £156,000 or 21.6%.

Kensington and Chelsea  came in third with a stamp duty holiday average increase of £139,000 or 10.7%. 

The biggest losers were Newham down £15,741 or 4.1% and Southwark down, on average £1,688 or 0.3%. Newham and Southwark were the only London boroughs to see house prices fall during the stamp duty holiday. 

Overall London house prices have increased by £29,706 or 6.1% during the Stamp Duty Holiday, which is surprising given the maximum Stamp Duty saving was £15,000.  

Graph chart showing change in London house prices by borough during the COVID stamp duty holiday twindig anthony codling

How much is my house worth?

If you would like to quickly see how much your house is worth you can do so by visiting twindig.com we have details of every house across the country, all 28 million, not just the one million or so that are currently for sale or rent

How much is my house worth

 

London house prices by borough

In this section, we look at the house price trends for each London borough, borough by borough

Table showing london house price changes by london borough twindig anthony codling

House prices in Kensington and Chelsea

The average house price in Kensington and Chelsea is £1,315,987. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.

House prices in Kensington and Chelsea have:

  • Risen by 0.4% or £8,616 over the last twelve months

  • Fallen by 7.3% or £104,112 in the last month

  • Risen by 1.1% or £14,204 since the announcement of the Stamp Duty Holiday

 

House prices in the City of Westminster

The average house price in the City of Westminster is £978,912.

House prices in the City of Westminster have:

  • Risen by 9.0% or £80,481 over the last twelve months

  • Fallen by 4.9% or £50,213 in the last month

  • Risen by 0.7% or £7,281 since the announcement of the Stamp Duty Holiday

 

House prices in Camden

The average house price in Camden is £961,390.

House prices in Camden have:

  • Risen by 17.9% or £145,897 over the last twelve months

  • Risen by 9.9% or £86,359 in the last month

  • Risen by 13.5% or £114,712 since the announcement of the Stamp Duty Holiday

 

House prices in the City of London

The average house price in the City of London is £812,914

House prices in the City of London have:

  • Risen by 5.4% or £41,701 over the last twelve months

  • Fallen by 5.1% or £43,579 in the last month

  • Fallen by 6.7% or £58,422 since the announcement of the Stamp Duty Holiday

 

House Prices in Hammersmith and Fulham

The average house price in Hammersmith and Fulham is £804,605.

House prices in Hammersmith and Fulham have:

  • Risen by 8.8% or £65,274 over the last twelve months

  • Fallen by 2.5% or £20,534 in the last month

  • Risen by 11.6% or £83,324 since the announcement of the Stamp Duty Holiday

 

House Prices in Islington

The average house price in Islington is £771,374.

House prices in Islington have:

  • Risen by 15.3% or £102,544 over the last twelve months

  • Risen by 6.5% or £47,091 in the last month

  • Risen by 20.4% or £130,455 since the announcement of the Stamp Duty Holiday

 

House Prices in Richmond

 The average house price in Richmond is £758,967

 House prices in Richmond have:

  • Risen by 9.8% or £67,755 over the last twelve months

  • Fallen by 0.5% or £3,603 in the last month

  • Risen by 8.5% or £59,282 since the announcement of the Stamp Duty Holiday

 

House Prices in Wandsworth

The average house price in Wandsworth is £615,972

House prices in Wandsworth have:

  • Fallen by 0.5% or £3,327 over the last twelve months

  • Fallen by 2.8% or £17,605 in the last month

  • Risen by 4.0% or £23,553 since the announcement of the Stamp Duty Holiday

 

House Prices in Haringey

The average house price in Haringey is £603,949.

House prices in Haringey have:

  • Risen by 4.0% or £23,494 over the last twelve months

  • Fallen by 1.5% or £9,369 in the last month

  • Risen by 12.2% or £65,885 since the announcement of the Stamp Duty Holiday

 

House Prices in Hackney

The average house price in Hackney is £542,886.

House prices in Hackney have:

  • Fallen by 8.5% or £50,377 over the last twelve months

  • Fallen by 2.6% or £14,448 in the last month

  • Fallen by 6.2% or £36,162 since the announcement of the Stamp Duty Holiday

 

House Prices in Merton

 The average house price in Merton is £562,168.

 House prices in Merton have:

  • Risen by 2.4% or £13,381 over the last twelve months

  • Fallen by 0.6% or £3,240 in the last month

  • Risen by 7.5% or £39,401 since the announcement of the Stamp Duty Holiday

 

House Prices in Lambeth

The average house price in Lambeth is £535,762.

House prices in Lambeth have:

  • Fallen by 1.0% or £5,471 over the last twelve months

  • Fallen by 2.9% or £16,232 in the last month

  • Risen by 3.8% or £19,663 since the announcement of the Stamp Duty Holiday

 

House Prices in Barnet

The average house price in Barnet is £564,441.

House prices in Barnet have:

  • Risen by 6.6% or £34,969 over the last twelve months

  • Risen by 0.4% or £2,421 in the last month

  • Risen by 8.2% or £42,806 since the announcement of the Stamp Duty Holiday

 

House Prices in Kingston upon Thames

The average house price in Kingston upon Thames is £541,681.

House prices in Kingston upon Thames have:

  • Risen by 9.9% or £48,825 over the last twelve months

  • Risen by 0.2% or £1,136 in the last month

  • Risen by 12.7% or £61,202 since the announcement of the Stamp Duty Holiday

 

House Prices in Brent

 The average house price in Brent is £520,608.

House prices in Brent have:

  • Risen by 0.4% or £2,316 over the last twelve months

  • Risen by 0.5% or £2,485 in the last month

  • Risen by 7.1% or £34,446 since the announcement of the Stamp Duty Holiday

 

House Prices in Ealing

 The average house price in Ealing is £521,281.

 House prices in Ealing have:

  • Risen by 5.8% or £28,591 over the last twelve months

  • Risen by 0.6% or £3,202 in the last month

  • Risen by 11.3% or £52,960 since the announcement of the Stamp Duty Holiday

 

House Prices in Southwark

The average house price in Southwark is £537,251.

House prices in Southwark have:

  • Risen by 2.0% or £10,454 over the last twelve months

  • Risen by 1.4% or £7,615 in the last month

  • Risen by 4.9% or £25,107 since the announcement of the Stamp Duty Holiday

 

House Prices in Tower Hamlets

The average house price in Tower Hamlets is £460,472.

House prices in Tower Hamlets have:

  • Fallen by 1.8% or £8,529 over the last twelve months

  • Risen by 2.9% or £13,060 in the last month

  • Risen by 2.5% or £11,369 since the announcement of the Stamp Duty Holiday

 

House Prices in Waltham Forest

 The average house price in Waltham Forest is £477,214.

 House prices in Waltham Forest have:

  • Risen by 1.6% or £7,401 over the last twelve months

  • Fallen by 3.8% or £19,043 in the last month

  • Risen by 6.1% or £27,240 since the announcement of the Stamp Duty Holiday

 

House Prices in Harrow

The average house price in Harrow is £498,836.

House prices in Harrow have:

  • Risen by 7.3% or £34,076 over the last twelve months

  • Risen by 0.8% or £3,966 in the last month

  • Risen by 11.5% or £51,586 since the announcement of the Stamp Duty Holiday

 

House Prices in Bromley

The average house price in Bromley is £481,569.

House prices in Bromley have:

  • Risen by 7.8% or £34,670 over the last twelve months

  • Fallen by 0.2% or £800 in the last month

  • Risen by 13.2% or £56,158 since the announcement of the Stamp Duty Holiday

  

House Prices in Lewisham

 The average house price in Lewisham is £448,522.

House prices in Lewisham have:

  • Risen by 2.2% or £9,686 over the last twelve months

  • Fallen by 1.1% or £4,879 in the last month

  • Risen by 6.0% or £25,330 since the announcement of the Stamp Duty Holiday

 

House Prices in Redbridge

The average house price in Redbridge is £474,321.

 House prices in Redbridge have:

  • Risen by 8.5% or £37,328 over the last twelve months

  • Fallen by 0.9% or £4,306 in the last month

  • Risen by 14.6% or £60,333 since the announcement of the Stamp Duty Holiday

 

House Prices in Hounslow

 The average house price in Hounslow is £426,744.

House prices in Hounslow have:

  • Fallen by 1.5% or £6,525 over the last twelve months

  • Fallen by 1.1% or £4,909 in the last month

  • Risen by 7.4% or £29,232 since the announcement of the Stamp Duty Holiday

 

House Prices in Hillingdon

The average house price in Hillingdon is £444,303.

House prices in Hillingdon have:

  • Risen by 6.6% or £27,409 over the last twelve months

  • Fallen by 1.0% or £4,437 in the last month

  • Risen by 10.2% or £41,037 since the announcement of the Stamp Duty Holiday

 

House Prices in Greenwich

The average house price in Greenwich is £426,728

House prices in Greenwich have:

  • Risen by 5.0% or £20,195 over the last twelve months

  • Risen by 0.5% or £2,058 in the last month

  • Risen by 9.0% or £35,288 since the announcement of the Stamp Duty Holiday

 

House Prices in Enfield

The average house price in Enfield is £444,336.

House prices in Enfield have:

  • Risen by 9.8% or £39,572 over the last twelve months

  • Risen by 1.9% or £8,131 in the last month

  • Risen by 14.7% or £56,815 since the announcement of the Stamp Duty Holiday

 

House Prices in Croydon

 The average house price in Croydon is £407,462.

 House prices in Croydon have:

  • Risen by 6.8% or £25,824 over the last twelve months

  • Risen by 2.5% or £9,911 in the last month

  • Risen by 9.4% or £35,062 since the announcement of the Stamp Duty Holiday

 

House Prices in Sutton

The average house price in Sutton is £421,497.

House prices in Sutton have:

  • Risen by 8.1% or £31,564 over the last twelve months

  • Risen by 0.5% or £2,034 in the last month

  • Risen by 13.1% or £48,811 since the announcement of the Stamp Duty Holiday

  

House Prices in Newham

The average house price in Newham is £406,362.

House prices in Newham have:

  • Risen by 7.9% or £29,878 over the last twelve months

  • Risen by 5.1% or £19,867 in the last month

  • Risen by 6.9% or £26,076 since the announcement of the Stamp Duty Holiday

 

House Prices in Havering

The average house price in Havering is £395,786.

House prices in Havering have:

  • Risen by 5.5% or £20,531 over the last twelve months

  • Fallen by 1.8% or £7,177 in the last month

  • Risen by 5.9% or £21,730 since the announcement of the Stamp Duty Holiday

 

House Prices in Bexley

The average house price in Bexley is £377,627.

House prices in Bexley have:

  • Risen by 8.9% or £30,882 over the last twelve months

  • Fallen by 0.6% or £696 in the last month

  • Risen by 10.6% or £36,309 since the announcement of the Stamp Duty Holiday

 

House Prices in Barking and Dagenham

The average house price in Barking and Dagenham is £331,231.

House prices in Barking and Dagenham have:

  • Risen by 10.8% or £32,237 over the last twelve months

  • Fallen by 0.2% or £696 in the last month

  • Risen by 10.8% or £32,237 since the announcement of the Stamp Duty Holiday


UK average house prices


To read our analysis of UK house prices by region click on the link below

Anthony Codling
CEO, Twindig

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