- DATE : May 20, 2020
|Land registry data (UK HPI)||March Av. |
| Monthly |
|Kensington and Chelsea||£1,396,102||+18%||+14.6%|
|City of Westminster||£1,085,013||+11%||+13.5%|
- In England the March data shows, on average, house prices have fallen by 0.1% since February 2020. The annual price rise of 2.2% takes the average property value to £248,271.
- Across England, detached houses showed the biggest increase out of all property types, growing by 2.5% in the year to March 2020 to £379,000.
- London experienced the greatest annual price rise, up by 4.7% taking the average property value to £485,794.
- Hackney experienced the largest annual price increase in London with an increase of 15.1% taking the average property price to £638,683.
- The average property price in Fulham is now £747,174 representing an annual increase of 4.3%.
- In March 2020, the most expensive area in London to purchase a property was Kensington and Chelsea, where the average cost was £1.4 million. In contrast, the cheapest area to purchase a property was Barking and Dagenham, where the average price was £327,136.