Average mix-adjusted house price in London, England 2012-2023, per month
The average mix-adjusted house price in London, England, peaked in September 2022, followed by a slight correction in 2023. In November 2023, the average house price amounted to about 505,300 British pounds, down from 543,600 British pounds in September 2022. These recent fluctuations have also been observed by other measures, such as house price index. The house price index is an important measure for the residential real estate market and is used to show changes in the value of residential properties.