London House Prices by London borough

The latest data from the Land Registry shows that the average house price in London fell by 1.0% or £5,365 to £533,990 in January 2023 as house prices fell in 19 of the 34 London boroughs during December.
The biggest London house price falls last month were to be found in the City of London down £67,800 (7.1%), the City of Westminster down £22,370 (2.4%) and Islington down £15,830 (2.3%).
Not all boroughs saw average house prices fall, the biggest house price rises were seen in The biggest rises were in Kensington and Chelsea up £43,490 (3.5%), Hammersmith and Fulham up £19,930 (2.7%) and Hounslow up £11,570 (2.5%).
House Prices in London
The average house price in London is £533,986. This is 72% or £223,827 higher than the £310,159 average house price in England.
House prices in London have risen by 3.2% over the last twelve months compared to an average increase in house prices across England of 6.9%.
In absolute monetary terms, this translates to an average increase of £16,756 in London and £20,143 in England. House prices in England have therefore increased more in relative and 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
After a very hectic couple of years in the London housing market, normality returned to the London housing market in 2022 and it seems that 2023 will see lower levels of activity than 2022 accompanied by modest falls in house prices, although a shortage of homes for sale is keeping prices keen.
On balance, house prices in London appear to be falling. In January 19 boroughs saw average house price falls and 15 saw house prices rise. We expect that house prices will soften in the coming months in London, but we do not expect to see a house price crash.
In the medium term, the war on inflation has overtaken the COVID-19 pandemic as the biggest risk factor for London house prices, but as inflation is taken back under control 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.
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London House Price Graphs
House Price Graph 1: Average London House Prices Since January 2019

House prices in London fell by 1.0% or £5,365 last month, whereas house prices fell by 1.2% or £3,735 across England.
House Price Graph 2: Average London House Prices by London Borough

London House price Winners last month
We show in the chart below London's house price winners over the last month in percentage terms across the top 25 London boroughs

We show in the chart below the biggest absolute gains in house prices (house price increases in monetary value) across the top-performing 25 London boroughs

London House price Winners last year
We show in the chart below the top 25 London boroughs by house price gains in percentage terms over the last year

We show in the chart below the top 25 London boroughs by house price gains in monetary terms over the last year

London House Price Losers Last Month
We show in the chart below London's house price losers over the last month in percentage terms

We show in the chart below London's house price losers in monetary terms over the last month

London House Price Losers Last 12 months
We show in the chart below London's house price losers over the last 12 months (one year) in percentage terms

We show in the chart below London's house price losers over the last 12 months (one year) in monetary terms

London House Price Lockdown Winners and Losers
We show in the chart below the change in London house prices since the first lockdown in March 2020, we believe this to be a good proxy for the impact of the COVID-19 pandemic on the London housing market.
The biggest lockdown house price winners
In first place is Richmond on Thames, where average house prices are up £97,740 (14.8%)
Brent is in second place where house prices are up £90,642 (19.4%), and
Bromley where house prices are up £87,994 (20.4%)
On average house prices in London have increased by £51,381 or by 10.6% since the start of the first lockdown, whereas across England average house prices have increased by £61,037 or 24.5%
The biggest lockdown house price losers
At the other end of the scale the London boroughs which have performed the worst since the start of the first lockdown are:
The City of Westminster, where house prices have fallen by £103,872 or 10.3% since the start of the first lockdown.
House prices Kensington and Chelsea have fallen by £59,748 (4.5%), and
Camden where house prices have fallen by £7,561 (0.9%) since the start of the first lockdown.
We show the house price changes since lockdown for each London borough below:

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

House prices in Kensington and Chelsea
The average house price in Kensington and Chelsea is £1,278,200. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.
House prices in Kensington and Chelsea have:
Fallen by 7.7% or £107,196 over the last twelve months
Risen by 3.5% or £43,485 in the last month
Fallen by 4.5% or £59,748 since the start of Lockdown One
House prices in the City of Westminster
The average house price in the City of Westminster is £905,401.
House prices in the City of Westminster have:
Fallen by 14.8% or £157,627 over the last twelve months
Fallen by 2.4% or £22,373 in the last month
Fallen by 10.3% or £103,872 since the start of Lockdown One
House prices in Camden
The average house price in Camden is £840,254.
House prices in Camden have:
Fallen by 3.6% or £31,687 over the last twelve months
Fallen by 1.3% or £10,679 in the last month
Fallen by 0.9% or £7,561 since the start of Lockdown One
House prices in the City of London
The average house price in the City of London is £885,406
House prices in the City of London have:
Risen by 7.0% or £58,139 over the last twelve months
Fallen by 7.1% or £67,798 in the last month
Risen by 4.5% or £38,166 since the start of Lockdown One
House Prices in Hammersmith and Fulham
The average house price in Hammersmith and Fulham is £749,383.
House prices in Hammersmith and Fulham have:
Fallen by 0.8% or £6,024 over the last twelve months
Risen by 2.7% or £19,929 in the last month
Risen by 4.1% or £29,408 since the start of Lockdown One
House Prices in Islington
The average house price in Islington is £670,999.
House prices in Islington have:
Fallen by 4.1% or £28,843 over the last twelve months
Fallen by 2.3% or £15,827 in the last month
Risen by 3.1% or £20,027 since the start of Lockdown One
House Prices in Richmond
The average house price in Richmond is £756,557
House prices in Richmond have:
Risen by 3.3% or £23,900 over the last twelve months
Risen by 1.3% or £9,578 in the last month
Risen by 14.8% or £97,740 since the start of Lockdown One
House Prices in Wandsworth
The average house price in Wandsworth is £641,738
House prices in Wandsworth have:
Risen by 3.7% or £22,814 over the last twelve months
Risen by 0.3% or £1,604 in the last month
Risen by 5.1% or £31,380 since the start of Lockdown One
House Prices in Haringey
The average house price in Haringey is £613,401.
House prices in Haringey have:
Risen by 4.5% or £26,502 over the last twelve months
Risen by 0.1% or £475 in the last month
Risen by 13.1% or £70,929 since the start of Lockdown One
House Prices in Hackney
The average house price in Hackney is £635,885.
House prices in Hackney have:
Risen by 2.0% or £12,733 over the last twelve months
Fallen by 0.5% or £3,066 in the last month
Risen by 10.1% or £58,236 since the start of Lockdown One
House Prices in Merton
The average house price in Merton is £573,719.
House prices in Merton have:
Risen by 2.6% or £14,369 over the last twelve months
Fallen by 1.4% or £8,282 in the last month
Risen by 12.4% or £63,197 since the start of Lockdown One
House Prices in Lambeth
The average house price in Lambeth is £554,374.
House prices in Lambeth have:
Risen by 3.8% or £20,275 over the last twelve months
Risen by 0.6% or £3,095 in the last month
Risen by 7.5% or £38,884 since the start of Lockdown One
House Prices in Barnet
The average house price in Barnet is £594,530.
House prices in Barnet have:
Risen by 3.1% or £17,601 over the last twelve months
Risen by 0.5% or £3,009 in the last month
Risen by 13.9% or £72,336 since the start of Lockdown One
House Prices in Kingston upon Thames
The average house price in Kingston upon Thames is £570,688.
House prices in Kingston upon Thames have:
Risen by 8.1% or £42,895 over the last twelve months
RIsen by 0.3% or £1,990 in the last month
Risen by 17.5% or £84,832 since the start of Lockdown One
House Prices in Brent
The average house price in Brent is £558,239.
House prices in Brent have:
Risen by 8.1% or £41,861 over the last twelve months
Fallen by 1.0% or £5,625 in the last month
Risen by 19.4% or £90,642 since the start of Lockdown One
House Prices in Ealing
The average house price in Ealing is £546,165.
House prices in Ealing have:
Risen by 5.8% or £29,875 over the last twelve months
Fallen by 0.5% or £2,474 in the last month
Risen by 14.0% or £67,157 since the start of Lockdown One
House Prices in Southwark
The average house price in Southwark is £558,387.
House prices in Southwark have:
Risen by 6.7% or £34,998 over the last twelve months
Risen by 0.5% or £2,685 in the last month
Risen by 12.0% or £59,886 since the start of Lockdown One
House Prices in Tower Hamlets
The average house price in Tower Hamlets is £488,833.
House prices in Tower Hamlets have:
Risen by 9.6% or £42,972 over the last twelve months
Fallen by 1.7% or £8,702 in the last month
Risen by 2.3% or £10,862 since the start of Lockdown One
House Prices in Waltham Forest
The average house price in Waltham Forest is £512,508.
House prices in Waltham Forest have:
Risen by 7.7% or £36,698 over the last twelve months
Fallen by 0.6% or £3,188 in the last month
Risen by 17.5% or £76,425 since the start of Lockdown One
House Prices in Harrow
The average house price in Harrow is £528,213.
House prices in Harrow have:
Risen by 5.2% or £26,020 over the last twelve months
Fallen by 0.5% or £2,796 in the last month
Risen by 17.2% or £77,576 since the start of Lockdown One
House Prices in Bromley
The average house price in Bromley is £519,294.
House prices in Bromley have:
Risen by 9.4% or £44,701 over the last twelve months
Fallen by 0.1% or £458 in the last month
Risen by 20.4% or £87,994 since the start of Lockdown One
House Prices in Lewisham
The average house price in Lewisham is £462,198.
House prices in Lewisham have:
Risen by 6.8% or £29,628 over the last twelve months
Fallen by 1.6% or £7,567 in the last month
Risen by 12.0% or £49,385 since the start of Lockdown One
House Prices in Redbridge
The average house price in Redbridge is £488,376.
House prices in Redbridge have:
Risen by 4.5% or £20,811 over the last twelve months
Risen by 0.2% or £1,065 in the last month
Risen by 16.2% or £68,012 since the start of Lockdown One
House Prices in Hounslow
The average house price in Hounslow is £469,971.
House prices in Hounslow have:
Risen by 10.6% or £60,318 over the last twelve months
Risen by 2.5% or £11,569 in the last month
Risen by 14.7% or £60,318 since the start of Lockdown One
House Prices in Hillingdon
The average house price in Hillingdon is £467,411.
House prices in Hillingdon have:
Risen by 6.8% or £29,881 over the last twelve months
Fallen by 1.5% or £7,104 in the last month
Risen by 14.4% or £58,750 since the start of Lockdown One
House Prices in Greenwich
The average house price in Greenwich is £445,080
House prices in Greenwich have:
Risen by 9.0% or £36,563 over the last twelve months
Risen by 0.8% or £3,365 in the last month
Risen by 12.8% or £50,383 since the start of Lockdown One
House Prices in Enfield
The average house price in Enfield is £463,926.
House prices in Enfield have:
Risen by 7.3% or £31,464 over the last twelve months
Fallen by 0.9% or £3,991 in the last month
Risen by 18.1% or £71,131 since the start of Lockdown One
House Prices in Croydon
The average house price in Croydon is £434,426.
House prices in Croydon have:
Risen by 7.69% or £31,960 over the last twelve months
Risen by 0.3% or £1,113 in the last month
Risen by 17.6% or £65,030 since the start of Lockdown One
House Prices in Sutton
The average house price in Sutton is £445,260.
House prices in Sutton have:
Risen by 7.0% or £29,106 over the last twelve months
Risen by 0.3% or £1,248 in the last month
Risen by 18.7% or £69,989 since the start of Lockdown One
House Prices in Newham
The average house price in Newham is £432,095.
House prices in Newham have:
Risen by 9.9% or £39,088 over the last twelve months
Risen by 0.7% or £3,159 in the last month
Risen by 16.8% or £62,012 since the start of Lockdown One
House Prices in Havering
The average house price in Havering is £434,331.
House prices in Havering have:
Risen by 7.36% or £29,383 over the last twelve months
Fallen by 1.3% or £5,744 in the last month
Risen by 19.1% or £69,681 since the start of Lockdown One
House Prices in Bexley
The average house price in Bexley is £401,802.
House prices in Bexley have:
Risen by 5.6% or £21,218 over the last twelve months
Fallen by 2.1% or £8,657 in the last month
Risen by 18.5% or £62,691 since the start of Lockdown One
House Prices in Barking and Dagenham
The average house price in Barking and Dagenham is £353,635.
House prices in Barking and Dagenham have:
Risen by 6.1% or £20,222 over the last twelve months
Fallen by 1.7% or £5,944 in the last month
Risen by 17.8% or £53,470 since the start of Lockdown One
UK average house prices

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