Average house prices in London 2019-2020, by borough

With vastly more job and cultural opportunities, megacities continue attracting people from all over the world. Since the beginning of the 1980s, the population of London has increased by more than 2 million inhabitants and in the next 20 years, it is forecast to increase by almost 1.5 million.

Demand for housing and house prices

The growing population inevitably leads to rising housing demand and prices. Between March 2019 and March, the average price of a house in the London borough of Kensington and Chelsea, which is the most expensive borough in London, increased by almost 178 thousand British pounds to approximately 1.4 million British pounds. In comparison, a house in Barking and Dagenham cost approximately 327 thousand British pounds

Residential properties transactions

Nevertheless, house sales do not always increase on an annual basis. Since 2016, the overall number of residential properties sold in the UK has fallen from approximately 1.06 million in 2016 to 1.18 million in 2019.

Average house prices in London (UK) from March 2019 to March 2020, by borough

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until September 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

May 2020

Region

United Kingdom (England)

Survey time period

May 2018 to May 2019

Supplementary notes

Not seasonally adjusted.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Residential property market in London (UK)"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.