Mortgage rates reached record-low in 2020 and 2021, but have started to rise as a response to inflation. Over the five-year period, house prices for mainstream properties are forecast to fall by 1.7 percent. In 2022, the average house price in London ranged between 340,000 British pounds and 1.4 million British pounds, depending to the borough. Barking and Dagenham, Bexley, Newham, and Croydon were some of the most affordable boroughs to buy a house.
According to the forecast, house prices in London are expected to fall substantially in 2023 as a result of the increased borrowing costs and inflation. Annual residential property price change forecast in London from 2023 to 2027
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Statistics on Residential property market in London (UK)
Housing volumes and constructions
8
- Premium Statistic Sales volume of housing units in London 2001-H1 2022
- Premium Statistic House sales volume in London 2020-2021, by borough
- Premium Statistic London: households tenure from 2008 to 2022
- Premium Statistic New home construction starts and completions in London (UK) 2010-2022
- Premium Statistic Number of dwelling construction starts in London 2020/2021, by tenure
- Premium Statistic Number of housing construction starts in London boroughs 2022, by tenure
- Premium Statistic Number of new dwelling completions in London 2020/21, by tenure
- Premium Statistic Number of dwelling construction completions in London boroughs 2020/2021, by tenure
Rental costs
6
- Basic Statistic Average rental cost of apartments in European cities 2021-2022, by city
- Premium Statistic Average monthly rental costs in Greater London 2021-2022, by borough
- Premium Statistic 3 month residential rental growth in London January 2022, by area
- Premium Statistic London: Monthly Index of Private Housing Rental Prices (IPHRP) 2015-2022
- Premium Statistic Rental yields in London, UK 2021, by borough
- Premium Statistic Number of build to rent homes in London and the UK Q2 2022, by stage
House prices
8
- Premium Statistic First time buyer house price in the UK 2020-2021, by region
- Premium Statistic Monthly average mix-adjusted house price in London 2012-2022
- Basic Statistic Dwellings: Simple average house price in London 2000-2021, by buyer type
- Basic Statistic Detached dwellings: Simple average house price in London 2000-2021
- Premium Statistic Average detached house price in London 2021-2022, by borough
- Premium Statistic Average flat price in London 2021-2022, by borough
- Premium Statistic Average semi-detached house price in London 2021-2022, by borough
- Premium Statistic Average terraced house price in London 2021-2022, by borough
Mortgages & stamp duty
4
- Premium Statistic Monthly costs of buying a property in the UK 2021, by region
- Premium Statistic Average mortgage price for houses in London 2021-2022, by borough
- Basic Statistic Stamp duty land tax: London (UK) tax receipts 2000-2021
- Premium Statistic Average number of days to sell property in Great Britain 2022, by region
Forecasts
7
- Premium Statistic Mainstream residential property price change forecast London 2023-2027
- Premium Statistic Prime house price growth forecast in London (UK) 2022-2026, by location
- Premium Statistic Central London (UK): Prime property price growth 2022-2026
- Premium Statistic Outer London (UK): prime property prices forecast 2022-2026
- Premium Statistic Rental price residential properties change rate forecast in London 2022-2026
- Premium Statistic Forecast prime property rental price growth in Central London 2022-2026
- Premium Statistic Forecast prime property rental price growth in outer London 2022-2026
Further related statistics
12
- House price growth forecast in the United Kingdom 2020-2024, by region
- Five year forecast: house price growth in the UK 2023-2027, by region
- New dwellings House Price Index in Italy 2010-2021
- Existing dwellings House Price Index in Italy 2010-2021
- Ireland: house price index Q1 2016-Q2 2020
- U.S. housing: Case Shiller Atlanta Home Price Index 2016-2022
- U.S. housing: Case Shiller Las Vegas Home Price Index 2017-2022
- Regional house price index in Turkey 2022
- House price index 12-month change in Europe Q2 2019-Q2 2020, by country
- Purchase-only house price index for Middle Atlantic in the U.S. 1991-2022
- UK housing market: Nationwide new houses price index Q1 2013-Q4 2022
- House price index in Kenya 2018-2020
Further Content: You might find this interesting as well
Statistics
- House price growth forecast in the United Kingdom 2020-2024, by region
- Five year forecast: house price growth in the UK 2023-2027, by region
- New dwellings House Price Index in Italy 2010-2021
- Existing dwellings House Price Index in Italy 2010-2021
- Ireland: house price index Q1 2016-Q2 2020
- U.S. housing: Case Shiller Atlanta Home Price Index 2016-2022
- U.S. housing: Case Shiller Las Vegas Home Price Index 2017-2022
- Regional house price index in Turkey 2022
- House price index 12-month change in Europe Q2 2019-Q2 2020, by country
- Purchase-only house price index for Middle Atlantic in the U.S. 1991-2022
- UK housing market: Nationwide new houses price index Q1 2013-Q4 2022
- House price index in Kenya 2018-2020
Savills. (November 3, 2022). Annual residential property price change forecast in London from 2023 to 2027 [Graph]. In Statista. Retrieved March 27, 2023, from https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills. "Annual residential property price change forecast in London from 2023 to 2027." Chart. November 3, 2022. Statista. Accessed March 27, 2023. https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills. (2022). Annual residential property price change forecast in London from 2023 to 2027. Statista. Statista Inc.. Accessed: March 27, 2023. https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills. "Annual Residential Property Price Change Forecast in London from 2023 to 2027." Statista, Statista Inc., 3 Nov 2022, https://www.statista.com/statistics/788484/mainstream-house-price-change-london/
Savills, Annual residential property price change forecast in London from 2023 to 2027 Statista, https://www.statista.com/statistics/788484/mainstream-house-price-change-london/ (last visited March 27, 2023)
Annual residential property price change forecast in London from 2023 to 2027 [Graph], Savills, November 3, 2022. [Online]. Available: https://www.statista.com/statistics/788484/mainstream-house-price-change-london/