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The average house price decreased year-on-year in 19 of London's boroughs as of November 2025 amid a slowdown in the UK housing market. Barking and Dagenham was  the most affordable borough to buy a house, with an average price of ** British pounds. Kensington and Chelsea stood at the other end of the spectrum, with an average price of close to ****million British pounds. 

Demand for housing and house prices

With vastly more job and cultural opportunities, megacities continue attracting people from all over the world. Since the beginning of the 1980s, the population of London has increased by more than two million inhabitants and in the next 20 years, it is forecast to increase by around **. That makes London properties a valuable asset. Historically, property prices in London have risen steadily, albeit with minor fluctuations.

Residential properties transactions

Since 2006, the number of residential property sales has varied between *** million and *** million transactions annually. The housing boom in 2021 led to an increase in home purchases, but the economic uncertainty, stubborn inflation, and dramatically higher interest rates have led to transactions falling.