United Kingdom (UK): Monthly house price index in London 2017-2020

The house price index (HPI) is an easy way of illustrating trends on the house sales market and to help simplify house purchase decisions. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2015.

House price index in London

As of August 2020, the house price index for London was 119.7 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 20 percent since the beginning of 2015. It can be seen that the HPI for the United Kingdom (UK) followed the same trend.

Average house prices

Location plays a huge role in the price for a home. Kensington and Chelsea are without a doubt the most expensive boroughs in London, with an average house price of over 1.3 million British pounds as of May 2019. In comparison, a house in Barking and Dagenham cost approximately 290 thousand British pounds. Unsurprisingly, Kensington and Chelsea were also the borough with the lowest house sales volume.