Five of London's boroughs witnessed an annual increase in residential property prices as of November 2023. In Redbridge, the borough with the highest price growth, residential prices rose by 4.2 percent year-on-year, with semi-detached house prices growing at an even faster rate (4.8 percent). In Richmond upon Thames, the average property price also increased by 4.2 percent, but for terraced houses, the increase was higher at 5.9 percent. The City of Westminster, Kensington and Chelsea, and the City of London, which happen to be some of the most expensive areas for housing in London, experienced the greatest decline in prices.
Annual percentage change in sales prices for different residential property types in London (UK) as of November 2023, by borough
Characteristic
All properties
Flats
Detached houses
Semi-detached houses
Terraced houses
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Office for National Statistics (UK), & GOV.UK. (January 17, 2024). Annual percentage change in sales prices for different residential property types in London (UK) as of November 2023, by borough [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1029228/annual-house-price-change-for-dwellings-in-london-united-kingdom/
Office for National Statistics (UK), und GOV.UK. "Annual percentage change in sales prices for different residential property types in London (UK) as of November 2023, by borough." Chart. January 17, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1029228/annual-house-price-change-for-dwellings-in-london-united-kingdom/
Office for National Statistics (UK), GOV.UK. (2024). Annual percentage change in sales prices for different residential property types in London (UK) as of November 2023, by borough. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1029228/annual-house-price-change-for-dwellings-in-london-united-kingdom/
Office for National Statistics (UK), and GOV.UK. "Annual Percentage Change in Sales Prices for Different Residential Property Types in London (Uk) as of November 2023, by Borough." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/1029228/annual-house-price-change-for-dwellings-in-london-united-kingdom/
Office for National Statistics (UK) & GOV.UK, Annual percentage change in sales prices for different residential property types in London (UK) as of November 2023, by borough Statista, https://www.statista.com/statistics/1029228/annual-house-price-change-for-dwellings-in-london-united-kingdom/ (last visited July 22, 2024)
Annual percentage change in sales prices for different residential property types in London (UK) as of November 2023, by borough [Graph], Office for National Statistics (UK), & GOV.UK, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/1029228/annual-house-price-change-for-dwellings-in-london-united-kingdom/