Try our corporate solution for free!
(212) 419-8286

Average mortgage price for houses in London 2020, by borough

The average cost of buying a new residential dwelling with a mortgage will always end up costing more due to the interest rates placed on the repayment of the loan. Even with a relatively low interest rate, the added costs on top of the original asking price can amount to thousands of British pounds.

Location, location, location Location plays a substantial role in the real estate market. House prices vary widely not only in different regions but also in different counties in the United Kingdom (UK). In London, which is the most expensive city in the UK, house prices were the highest in Kensington and Chelsea. The average house price there was over 1.3 million British pounds compared to a house in Barking and Dagenham, which cost approximately 290 thousand British pounds as of May 2019.

House price index in London As of March 2020, the house price index for London was 120.6 points which means that the average price for all residential property types (detached, semi-detached and terraced houses, as well as flats and maisonettes) had increased by almost 21 percent since the beginning of 2015. The HPI for the United Kingdom (UK) followed the same trend.

Average price of dwellings with a mortgage in London (UK) as of 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 March 31st
*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

Release date

May 2020


United Kingdom (England)

Survey time period

March 2020

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
The ideal entry-level account for individual users
  • 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.

* Prices do not include sales tax.

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

Further Content: You might find this interesting as well

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