Market performance update

Land registry (UK HPI)
 
June Av. price
 

Monthly change

12 month

England£246,728+0.7%+0.7%
London£466,824+0.7%-2.7%
Kensington and Chelsea£1,254,725-1.2%-4.0%
City of Westminster£965,019-0.8%-0.4%
  • England house prices grew by 0.7% in the year to June 2019, unchanged from May 2019.
  • Across England, all houses showed an increase in average price in June 2019 when compared with the same month in the previous year. 
  • In London, average house prices fell by 2.7% in the year to June 2019, up from a fall of 3.1% in May 2019.
  • The average property price in Islington is now £615,783 representing an annual drop of 6%.
  • In June 2019, the most expensive area to purchase a house was Kensington and Chelsea, where the average cost of a house was £1.25 million. In contrast, the cheapest area to purchase a house was Burnley, where the average cost of a house was £89,000.