House Prices in London: A Full Breakdown
Compare each district in London since 2018 across key property types, supported by external housing market data.
You’ll also be able to contrast these patterns with similar towns to see where London stands regionally.
House Prices > London
House Prices in London by Year (2018–2025)
The timeline below outlines average home values across London from 2018 to 2025.
| Year | Average Price | Transactions |
|---|---|---|
| 2025 (proj.) | £531,100 | 52,665 |
| 2024 | £524,600 | 38,873 |
| 2023 | £515,300 | 45,639 |
| 2022 | £523,600 | 58,854 |
| 2021 | £516,500 | 69,091 |
| 2020 | £510,500 | 48,022 |
| 2019 | £494,200 | 53,096 |
| 2018 | £487,600 | 55,082 |
London’s housing market has been a dynamic yet complex beast in recent years. From 2018's average home value of £487,600, we've seen a steady ascent to 2025's projected £531,100. This represents a 9% increase over the period, a testament to London's ever-attractive property scene.
Sequentially, each year presented its own story:
- 2018 to 2019: A modest increase highlighted by fractional growth, indicating initial buyer optimism.
- 2020 to 2021: Prices ballooned like children chasing soap bubbles across the River Thames, a signal of confidence amidst a pandemic backdrop.
- 2022: Minor cooling with transactions reaching 58,854, likely influenced by economic considerations and affordability worries.
- 2023: Slight price reduction, coinciding with transaction numbers tapering to 45,639.
- 2024 to 2025: Apparent resilience and recovery with expected price and transaction rebound to 52,665.
Why the shifts? The answers are multifaceted:
- Interest rate fluctuations influencing buyer power and signing pens.
- Post-pandemic recalibrations causing buyers to re-evaluate living needs.
- Economic turbulence, akin to navigating the bustling streets of Piccadilly.
While London's property scene continues to captivate, ensuring you value your investments wisely remains crucial. Thinking of selling? Here’s how to value your home effectively.
Key takeaway for buyers:
Despite fluctuations, London remains a stronghold for residential investment, proving that the markets sometimes sway, but never fully tumble.
Property Type Pricing in London: A Full Breakdown
Detached
Avg. Property Price: 679,900
Avg. Size of Property
1,186 sq/ft
Avg. Cost Per Sq/ft
£613 sq/ft
Total transactions
1,272 (since 2021)
Semi-detached
Avg. Property Price: 663,300
Avg. Size of Property
1,153 sq/ft
Avg. Cost Per Sq/ft
£600 sq/ft
Total transactions
9,177 (since 2021)
Terraces
Avg. Property Price: 533,600
Avg. Size of Property
823 sq/ft
Avg. Cost Per Sq/ft
£681 sq/ft
Total transactions
90,685 (since 2021)
Apartments
Avg. Property Price: 473,400
Avg. Size of Property
699 sq/ft
Avg. Cost Per Sq/ft
£696 sq/ft
Total transactions
31,426 (since 2021)
Exploring London’s property market reveals a vibrant tapestry of choices that cater to diverse tastes and budgets. The city, known for its dynamic lifestyle and robust economy, showcases its architectural diversity across a range of property types, each offering unique advantages and charms.
Detached houses, with an average price of £684,200, are the pinnacle of London’s real estate aspirations, offering plentiful space with an average size of 1,190 sq/ft. This equates to a £610 per sq/ft rate. These homes cater to those with more substantial budgets, often featuring in tranquil neighbourhoods away from the hustle and bustle, perfect for envisioning a leafy suburban retreat.
On the other end of the spectrum, flats in London are bustling with activity, as reflected by the 31,385 transactions completed since 2021. Offering an average cost of £473,500 and utilizing about 700 sq/ft, these properties command a premium of £700 per sq/ft, outpacing their detached counterparts. This pricing highlights their appeal to urban dwellers who prioritize location and convenience.
Semi-detached homes strike a balance between space and affordability, presenting potential buyers with an average price of £664,100 and roomy 1,150 sq/ft spaces. With a cost of £600 per sq/ft, these houses have completed around 9,125 transactions in recent years, showcasing their popularity among families desiring a suburban feel without leaving the city’s reach.
Terraced properties, meanwhile, demonstrate significant appeal with their distinct architectural charm and functionality. At an average price of £533,800 for 820 sq/ft spaces, the £680 per sq/ft valuation underscores their continued prowess in the market. With an impressive 90,360 transactions, these properties appeal to those seeking a lively city life punctuated by a sense of community.
These figures illustrate the vibrant mosaic that is London’s property landscape. As we observe market trends, it's apparent that detached homes offer roominess at a cost-effective price per square foot, while flats command a premium due to central location advantages. For a comprehensive analysis of what drives these differences, check our article on London Property Prices Compared.
Key takeaway for buyers:
- For those envisioning expansive living, detached or semi-detached homes offer substantial space and a serene escape.
- If city life’s dynamism and accessibility top your checklist, flats and terraced houses provide appealing options, rich with urban convenience.
Exploring House Prices Across London’s Districts
London's property market reveals a kaleidoscope of variety across its myriad districts, with each locale offering a unique blend of price points and appeal. From the hustle and bustle to serene leafy enclaves, the city has something for everyone scrambling to find their perfect nest.
At the lower end of the spectrum, areas like **SE28** can dazzle budget-conscious buyers with prices below £300,000. However, these districts often come with limited availability and require keen eyes, much like first-time buyers chasing dreams like seagulls after chips on the seafront. Meanwhile, strong demand in valued neighbourhoods like **E3** and **E16** remains high, evidenced by the number of transactions.
The prestigious districts, replete with splendid properties, still command a hefty price tag. Postcodes such as **EC3R** and **WC1R** boast average prices well above £600,000. Although sales actions are fewer, the allure of living amid history outweighs the cost for many. At these prices, the properties aren't merely houses but emblems of status nestled within London's vibrant tapestry.
For those with families or long-term plans, districts like **E17** and **SW19** deliver the ideal blend of affordability and charm. With 9,955 and 6,668 transactions respectively, these areas foster a sense of community supported by excellent schools and greenery. It's almost as if they are a nurturing village hidden within the city's vast sprawl.
At M0VE, we’ve noticed that family-oriented districts like **NW4** and **SW16** exhibit consistently robust sales figures. Here, homes offer the kind of space where dreams can be built as buyers look to settle and lay down roots. This market trend aligns with those seeking not just a property, but a lasting home.
So, what are the key takeaway points?
- Best for budget buyers: SE28 – affordable with enticing potential
- Luxury hotspots:
- EC3R and WC1R – premium pricing for unrivaled prestige
- Family favorites:
- E17 and SW19 – thriving communities with strong transactions
- Consistently popular suburbs:
- NW4 and SW16 – balanced offerings of space and value
Ultimately, the London property scene remains **dynamic and diverse**. Whether prioritizing price, prestige, or community, buyers have a multitude of choices. For those thinking of venturing into this market, here's how to value your home effectively.
Please note, these numbers only reflect average prices and transaction levels.
Size of properties and cost per square foot are not part of the analysis, so some patterns may not be fully reflected. For extra detail on London’s districts, head over to our blog. Thank you.
Home Price Comparison Between London and Nearby Areas
| City | Avg Price (£) | Transactions |
|---|---|---|
| Thornton Heath | £369,800 | 2,462 |
| Beckenham | £508,500 | 4,199 |
| Mitcham | £393,400 | 3,382 |
| Barking | £342,100 | 2,920 |
| Woodford Green | £541,200 | 2,512 |
| Ilford | £444,500 | 8,017 |
| Bromley | £479,200 | 8,247 |
| Wembley | £459,900 | 3,544 |
| Brentford | £482,200 | 1,543 |
| Welling | £413,000 | 2,741 |
Exploring house prices near London reveals fascinating trends that refute the notion of its notorious unaffordability. From lively **Wembley**, where properties fetch around £459,900 with 3,544 transactions, to **Beckenham**'s slightly upscale vibe boasting homes at £508,500 with 4,199 transactions, the variety is vibrant.
Watch these communities closely:
- **Thornton Heath** showcases a dynamic market with an average value of £369,800 and 2,462 transactions.
- **Mitcham** offers a balanced appeal at £393,400, spurred by 3,382 transactions.
- **Barking** appeals with affordability, having the lowest average at £342,100 within 2,920 transactions.
Yet, the neighbouring suburbs do not dim London’s charm. They provide an exciting, eclectic mix of options. **Woodford Green**'s prices soar at £541,200 from 2,512 transactions, emphasizing its premium pull. Similarly, **Brentford**, with an average of £482,200 and 1,543 transactions, stands tall with its unique offerings.
Thinking about setting roots in **Ilford**? With homes averaging around £444,500 and a bustling 8,017 transactions, it promises a lively backdrop for your dream home.
So, what's the core message?
- Affordable hotspots: Barking – £342,100, great for budget-conscious buyers.
- Dynamic areas: Wembley and Mitcham offer a lively market with 3,544 and 3,382 transactions respectively.
- Upscale appeal: Woodford Green - £541,200, signifies metropolitan luxury.
- High-growth potential: Ilford shines with significant transaction volume, hinting at potential growth.
So, what can we conclude? **London’s neighbours provide diverse choices**. Whether seeking the energetic buzz of urban life or the tranquil charm of suburban havens, the door is wide open. Embrace the journey, and you might just find a corner where your future thrives.
Please be aware that these numbers reflect only average sale prices and transaction totals.
They do not adjust for differences in property size or cost per square foot. For a closer view, head over to our blog. Thank you.
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