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Average house price in the UK 2020, by city

Probably the most cliché terminology when talking about residential real estate is ‘location, location, location’. Well, when it comes to the average price of housing, this is certainly true in the United Kingdom (UK). As of August 2020, the average house price in London was roughly four times the price of those in Liverpool. At 476 thousand British pounds, the capital of England has the highest average house prices in the entire UK.

The cost of living in the capital

Even within London, average house prices varied massively. To live in Kensington and Chelsea, the average house would set you back almost 1.4 million British pounds (GBP). At the other end of the scale, a house in Barking and Dagenham would cost on average less than a quarter of that seen in Kensington and Chelsea.

House sales

Every month across England and Wales there is anywhere between 60 and 90 thousand sale completions. As a method of sale, the British public still prefer to use high street agents compared to online only agents.

Average house price in the United Kingdom (UK) as of August 2020, by city

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Sources

Release date

September 2020

Region

United Kingdom

Survey time period

August 2020

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Statistics on "Housing market in the United Kingdom"

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