London House Prices

Published 30th of December, 2020

In 2020 Working From Home unshackled us from having to live in cramped city locations and few UK cities are as cramped as London. So did Londoners escape to the country?

It is difficult to see any migration trends, so far, in the data. In the year August 2020 (the latest data we have) housing transactions were down by 30% compared to the same period in 2019. Transactions were down 32% across England as a whole. This does not suggest an exodus. House prices in the capital have been surprisingly resilient, we explore the trends borough by London borough in this article.

House Prices in London

The average house price in London is £490,936. This is 87% of £228,760 higher than the £262,175 average house price in England.

House prices in London have risen by 3.9% over the last twelve months compared to an average increase in house prices across England of 5.7%. In absolute monetary terms, this translates to an average increase of £18,268 in London and £13,333 in England.

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 Graphs

 

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

House prices in London fell by 1.2% or £5,800 last month, whereas house prices increased by 0.6% or £1,507 on average across England.

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

London House Price Stamp Duty Holiday Winners

In a year where city dwellers craved outside space, it is perhaps not surprising that Ealing, the leafy Queen of the suburbs has seen the highest increase in London house prices since the announcement of the Stamp Duty Holiday. Average house prices in Ealing have increased by 11.2% or £52,083 as homebuyers sought green spaces in London.

House prices in Wandsworth and Islington where house prices have increased by £49,842 and £49,704 make up the podium. At the other end of the scale house prices in the City of London and City of Westminster, neither of which are known for their green spaces have fallen by 17.1% (£148,439) and 2.8% (£26,690) respectively since the start of the Stamp Duty Holiday.

Overall London house prices have increased by more than £15,000 (the maximum stamp duty saving in 21 of London's 34 boroughs.

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

 

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 £1,301,336. Kensington and Chelsea has the most expensive average house prices of all the London boroughs.

House prices in Kensington and Chelsea have:

  • Increased by 10.7% or £126,167 over the last twelve months

  • Fallen by 4.0% or £54,448 in the last month

  • Increased by 1.4% or £18,288 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 £930,164. The City of Westminster has the second most expensive average house prices in London.

House prices in the City of Westminster have:

  • Increased by 1.6% or £14,299 over the last twelve months

  • Fallen by 0.9% or £8,493 in the last month

  • Fallen by 2.8% or £26,690 since the announcement of the Stamp Duty Holiday

 

House prices in Camden

The average house price in Camden is £857,205.

House prices in Camden have:

  • Increased by 4.7% or £38,496 over the last twelve months

  • Increased by 2.7% or £22,267 in the last month

  • Increased by 0.7% or £6,321 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 £721,490.

House prices in the City of London have:

  • Fallen by 12.0% or £98,679 over the last twelve months

  • Fallen by 6.1% or £47,224 in the last month

  • Fallen by 17.1% or £148,439 since the announcement of the Stamp Duty Holiday

 

House Prices in Hammersmith and Fulham

The average house price in Hammersmith and Fulham is £716,886.

House prices in Hammersmith and Fulham have:

  • Risen by 0.7% or £4,926 over the last twelve months

  • Fallen by 4.2% or £31,155 in the last month

  • Risen by 5.0% or £34,135 since the announcement of the Stamp Duty Holiday

 

House Prices in Islington

The average house price in Islington is £693,372.

House prices in Islington have:

  • Risen by 8.1% or £51,865 over the last twelve months

  • Fallen by 1.5% or £10,817 in the last month

  • Risen by 7.7% or £49,842 since the announcement of the Stamp Duty Holiday

House Prices in Richmond

The average house price in Richmond is £692,638.

House prices in Richmond have:

  • Risen by 7.7% or £49,272 over the last twelve months

  • Fallen by 0.4% or £2,761 in the last month

  • Fallen by 1.0% or £7,205 since the announcement of the Stamp Duty Holiday

 

House Prices in Wandsworth

The average house price in Wandsworth is £638,185.

House prices in Wandsworth have:

  • Risen by 6.6% or £39,486 over the last twelve months

  • Risen by 0.7% or £4,477 in the last month

  • Risen by 8.5% or £49,842 since the announcement of the Stamp Duty Holiday

 

House Prices in Haringey

The average house price in Haringey is £577,636.

House prices in Haringey have:

  • Risen by 4.6% or £25,327 over the last twelve months

  • Risen by 1.1% or £6,251 in the last month

  • Risen by 5.9% or £32,094 since the announcement of the Stamp Duty Holiday

 

House Prices in Hackney

The average house price in Hackney is £569,792.

House prices in Hackney have:

  • Risen by 1.6% or £8,915 over the last twelve months

  • Fallen by 6.2% or £37,871 in the last month

  • Risen by 0.1% or £385 since the announcement of the Stamp Duty Holiday

 

House Prices in Merton

The average house price in Merton is £561,639.

House prices in Merton have:

  • Risen by 10.6% or £53,694 over the last twelve months

  • Risen by 5.5% or £29,470 in the last month

  • Risen by 7.7% or £39,947 since the announcement of the Stamp Duty Holiday

 

House Prices in Lambeth

The average house price in Lambeth is £536,452.

House prices in Lambeth have:

  • Risen by 4.5% or £23,216 over the last twelve months

  • Fallen by 2.2% or £12,337 in the last month

  • Risen by 3.4% or £17,584 since the announcement of the Stamp Duty Holiday

 

House Prices in Barnet

The average house price in Barnet is £536,263.

House prices in Barnet have:

  • Risen by 1.0% or £5,081 over the last twelve months

  • Fallen by 0.1% or £600 in the last month

  • Risen by 3.7% or £18,997 since the announcement of the Stamp Duty Holiday

 

House Prices in Kingston upon Thames

The average house price in Kingston upon Thames is £521,343.

House prices in Kingston upon Thames have:

  • Risen by 7.1% or £34,656 over the last twelve months

  • Risen by 2.7% or £13,913 in the last month

  • Risen by 8.5% or £41,061 since the announcement of the Stamp Duty Holiday

 

House Prices in Brent

The average house price in Brent is £518,636.

House prices in Brent have:

  • Risen by 4.8% or £23,751 over the last twelve months

  • Fallen by 0.7% or £3,909 in the last month

  • Risen by 6.8% or £33,248 since the announcement of the Stamp Duty Holiday

House Prices in Ealing

The average house price in Ealing is £518,392.

House prices in Ealing have:

  • Risen by 9.1% or £43,079 over the last twelve months

  • Risen by 3.9% or £19,518 in the last month

  • Risen by 11.2% or £52,083 since the announcement of the Stamp Duty Holiday

 

House Prices in Southwark

The average house price in Southwark is £512,705.

House prices in Southwark have:

  • Risen by 0.4% or £1,978 over the last twelve months

  • Risen by 1.2% or £5,897 in the last month

  • Risen by 1.0% or £5,309 since the announcement of the Stamp Duty Holiday

 

House Prices in Tower Hamlets

The average house price in Tower Hamlets is £470,151.

House prices in Tower Hamlets have:

  • Risen by 4.2% or £18,794 over the last twelve months

  • Risen by 1.6% or £7,398 in the last month

  • Risen by 6.4% or £28,083 since the announcement of the Stamp Duty Holiday

 

House Prices in Waltham Forest

The average house price in Waltham Forest is £459,387.

House prices in Waltham Forest have:

  • Risen by 5.8% or £25,073 over the last twelve months

  • Risen by 0.9% or £3,904 in the last month

  • Risen by 2.8% or £12,695 since the announcement of the Stamp Duty Holiday

 

House Prices in Harrow

The average house price in Harrow is £459,106.

House prices in Harrow have:

  • Risen by 1.2% or £5,273 over the last twelve months

  • Risen by 0.3% or £1,515 in the last month

  • Risen by 4.6% or £20,263 since the announcement of the Stamp Duty Holiday

 

House Prices in Bromley

The average house price in Bromley is £451,013.

House prices in Bromley have:

  • Risen by 2.7% or £11,775 over the last twelve months

  • Risen by 1.4% or £6,290 in the last month

  • Risen by 5.6% or £24,114 since the announcement of the Stamp Duty Holiday

 

House Prices in Lewisham

The average house price in Lewisham is £440,519.

House prices in Lewisham have:

  • Risen by 5.0% or £21,038 over the last twelve months

  • Risen by 1.9% or £8,276 in the last month

  • Risen by 3.6% or £15,422 since the announcement of the Stamp Duty Holiday

 

House Prices in Redbridge

The average house price in Redbridge is £429,315.

House prices in Redbridge have:

  • Risen by 4.9% or £20,210 over the last twelve months

  • Fallen by 0.4% or £1,619 in the last month

  • Risen by 3.8% or £15,591 since the announcement of the Stamp Duty Holiday

 

 

House Prices in Hounslow

The average house price in Hounslow is £427,832.

House prices in Hounslow have:

  • Risen by 2.9% or £12,225 over the last twelve months

  • Risen by 2.9% or £12,061 in the last month

  • Risen by 8.0% or £31,508 since the announcement of the Stamp Duty Holiday

 

House Prices in Hillingdon

The average house price in Hillingdon is £419,162.

House prices in Hillingdon have:

  • Risen by 3.9% or £15,543 over the last twelve months

  • Risen by 1.1% or £4,614 in the last month

  • Risen by 3.3% or £13,577 since the announcement of the Stamp Duty Holiday

 

 

House Prices in Greenwich

The average house price in Greenwich is £406,635.

House prices in Greenwich have:

  • Risen by 1.2% or £4,637 over the last twelve months

  • Risen by 1.1% or £4,321 in the last month

  • Risen by 5.1% or £19,794 since the announcement of the Stamp Duty Holiday

 

House Prices in Enfield

The average house price in Enfield is £403,170.

House prices in Enfield have:

  • Risen by 2.8% or £10,986 over the last twelve months

  • Risen by 0.6% or £2,237 in the last month

  • Risen by 4.5% or £17,541 since the announcement of the Stamp Duty Holiday

 

House Prices in Croydon

The average house price in Croydon is £385,488.

House prices in Croydon have:

  • Risen by 5.3% or £19,453 over the last twelve months

  • Risen by 1.0% or £3,877 in the last month

  • Risen by 4.1% or £15,032 since the announcement of the Stamp Duty Holiday

 

House Prices in Sutton

The average house price in Sutton is £385,190.

House prices in Sutton have:

  • Risen by 3.8% or £14,898 over the last twelve months

  • Risen by 0.4% or £1,593 in the last month

  • Risen by 4.4% or £16,137 since the announcement of the Stamp Duty Holiday

 

House Prices in Newham

The average house price in Newham is £374,954.

House prices in Newham have:

  • Risen by 1.6% or £5,768 over the last twelve months

  • Fallen by 1.3% or £4,794 in the last month

  • Risen by 0.3% or £1,005 since the announcement of the Stamp Duty Holiday

 

 

House Prices in Havering

The average house price in Havering is £371,260.

House prices in Havering have:

  • Risen by 1.2% or £4,311 over the last twelve months

  • Fallen by 0.5% or £2,029 in the last month

  • Risen by 0.1% or £419 since the announcement of the Stamp Duty Holiday

 

House Prices in Bexley

The average house price in Bexley is £344,254.

House prices in Bexley have:

  • Risen by 3.7% or £12,225 over the last twelve months

  • Fallen by 0.3% or £1,207 in the last month

  • Risen by 1.0% or £3,530 since the announcement of the Stamp Duty Holiday

 

House Prices in Barking and Dagenham

The average house price in Barking and Dagenham is £308,583.

House prices in Barking and Dagenham have:

  • Risen by 1.8% or £5,424 over the last twelve months

  • Risen by 2.5% or £7,413 in the last month

  • Risen by 3.2% or £9,509 since the announcement of the Stamp Duty Holiday

Anthony Codling
CEO, Twindig

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