You can see how prices have changed in your local area using our interactive map
House prices are tumbling across parts of London, with almost £50,000 knocked off the typical home in some areas. It cost £562,000 to buy the average home in the capital in the 12 months to July, according to the latest figures from the Office for National Statistics. That’s 0.7% more than a year earlier, equivalent to an extra £4,000.
But while London was once top of the tree for property growth, it’s been knocked off its perch and now has the lowest growth in prices of any region of the UK. London’s 0.7% is a long way behind the 7.9% seen in the North East, 5.5% in Northern Ireland, and 4.8% in the North West – the three regions with the largest increases in the country.
In fact, 13 London boroughs have seen property prices decrease over the last 12 months – Wandsworth (-6.4%), Hammersmith and Fulham (-5.3%), City of Westminster (-4.8%), Barnet (-4.7%), Brent (-4.6%), Tower Hamlets (-4.5%), City of London (-4.2%), Islington (-3.9%), Greenwich (-3.6%), Kensington and Chelsea (-2.5%), Lambeth (-1.5%), Southwark (-1.4%), and Hackney (-0.7%). The fall in prices in Westminster is equivalent to a loss of £49,000.
In Wandsworth the fall works out at over £47,000 less being paid for each home on average, while in Hammersmith and Fulham it’s £44,000 less and £35,000 less in Kensington and Chelsea.
It’s not all doom and gloom for homeowners, though. The average cost of buying a home in Bromley has increased by 8.4% over the last 12 months to an average of £539,000.
In Barking and Dagenham average prices are up by 7.7%. In Camden they’re up by 5.8%, in Harrow by 5.4% and in Waltham Forest by 5.4%.
You can see how prices have changed in your local area using our interactive map:
Average UK house prices increased by 2.8%, to £270,000, in the 12 months to July 2025. That’s an increase of £7,000 per home on average.
The annual growth rate is down from 3.6% in June but up from 0.5% in July last year. In July 2023, prices fell by 0.7% compared to a year earlier. The period between July 2023 and March 2024 was the first time since 2012 that house prices in the UK had fallen compared to the previous year.
A total of 61 of the UK’s 360 local authority areas have seen a fall in average house prices in the 12 months to July, and in another 36, prices have either remained the same or grown by 1.0% or less.
The East Sussex seaside town of Eastbourne has seen the biggest decrease in average property prices over the last 12 months. The average home there sold for £243,000 in the year to July. That’s 10.4% less than a year earlier.
In Ceredigion, Wales, prices fell by an average of 6.8% to £218,000, while in Wandsworth the average fall was 6.4% to £691,000 and in Mid Devon it was 5.6% to £281,000.
By contrast, Sunderland is the UK’s property hotspot of the moment. The average home in the North East city cost £147,000 in the 12 months to July. That’s 12.7% more than a year earlier.
In Renfrewshire, the average home costs £162,000, which is 11.0% more than a year ago. In Perth and Kinross the increase was 10.8%, in County Durham it was 10.4%, in Halton it was 10.2% and in Hartlepool it was 10.0%.
Inverclyde is the cheapest place to buy a home in the UK. The average property there costs £114,000, up 3.7% from a year ago.
Burnley is the second cheapest place to buy a home in the UK. The average house price in the Lancashire town is £125,000 (up 5.9%). West Dunbartonshire is third with the average of £125,000 (up 2.8%), in East Ayrshire it’s £129,000 (up 3.8%), and in Hyndburn it’s £129,000 (up 4.4%).
Largest percentage changes in London
Local authority
Annual change (%)
Bromley
8.4
Barking and Dagenham
7.7
Camden
5.8
Harrow
5.4
Waltham Forest
5.4
Hillingdon
5.2
Havering
4.6
Redbridge
4.2
Sutton
4
Hounslow
3.7
Bexley
3.6
Merton
2.9
Kingston upon Thames
2.4
Richmond upon Thames
2.4
Lewisham
2.2
Haringey
2.1
Croydon
1.9
Enfield
1.9
Newham
1.7
Ealing
0.6
Hackney
-0.7
Southwark
-1.4
Lambeth
-1.5
Kensington and Chelsea
-2.5
Greenwich
-3.6
Islington
-3.9
City of London
-4.2
Tower Hamlets
-4.5
Brent
-4.6
Barnet
-4.7
Westminster
-4.8
Hammersmith and Fulham
-5.3
Wandsworth
-6.4
Most and least expensive places
Local authority
Average house price
Kensington and Chelsea
£1,362,000
Westminster
£977,000
Camden
£920,000
Richmond upon Thames
£801,000
Hammersmith and Fulham
£782,000
City of London
£764,000
Wandsworth
£691,000
Islington
£684,000
Merton
£633,000
Haringey
£622,000
Hackney
£614,000
Barnet
£598,000
Kingston upon Thames
£589,000
Southwark
£582,000
Ealing
£580,000
Lambeth
£555,000
Harrow
£549,000
Bromley
£539,000
Hounslow
£536,000
Brent
£536,000
Waltham Forest
£513,000
Tower Hamlets
£491,000
Redbridge
£490,000
Lewisham
£490,000
Hillingdon
£479,000
Enfield
£474,000
Greenwich
£462,000
Sutton
£446,000
Havering
£440,000
Newham
£420,000
Bexley
£414,000
Croydon
£400,000
Barking and Dagenham
£361,000
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