WATCH: Average London House Price Changes
Compare My Move has analysed month-by-month data to examine the change in London house prices for every borough over the last 25 years. We’ve looked at property prices in all 33 London boroughs from 1995 up to 2019, creating a time-lapse to highlight the drastic change in the London property market, notably in the last few months.
We discovered that the borough with the cheapest property price over the last 25 years was Barking and Dagenham at £50,460 in January 1995, whilst Kensington and Chelsea saw the most expensive house price in January 2018 at £1,463,378.
Watch our animated bar chart below to track the history of property prices in every London borough.
Kensington and Chelsea
Kensington and Chelsea hit the highest average price at a staggering £1,463,378
Hackney
Hackney saw the biggest growth
with prices increasing by 845.21%
Bexley
Bexley saw the least growth
with prices increasing by 445.63%
1995 to 2019
The average House Price in London
grew by 571.26% from 1995 to 2019
After studying the data, Compare My Move found that the average price of a London property has risen by 571.26% from 1995 to 2019, with Hackney seeing the biggest growth at a staggering 845.21% and Bexley experiencing the smallest gain of 445.63%.
Check out the difference in property prices in every London borough below.
With the uncertainty of Brexit looming over the UK, London property prices have seen an annual fall of -0.3% in the year to July, with Brent taking the biggest hit of -10.35%, followed closely by the borough of Newham at -8.95%, Camden house prices increased the most by 10.97%.
The borough of Newham has taken the greatest monthly decrease of -6.81% whilst Camden saw an increase of 7% from June to July 2019.
About Compare My Move:
Compare My Move is a UK comparison website which helps users save on the cost of moving house. UK home movers can compare and save on removal companies, RICS Chartered Surveyors, and Licensed Conveyancers.
All partners on the network are fully verified by Compare My Move and reviewed by its users. Compare My Move was launched in 2012 by Marc Benger and Dave Sayce, who have more than 30 years of experience in the house removal industry. Every year, Compare My Move helps over 90,000 people move house.
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All data was obtained on 18th September 2019 and is correct at the time of publishing.