London: monthly house prices index 2015-2023

The house price index (HPI) is an easy way of illustrating trends in the house sales market and help simplify house purchase decisions. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2015.

House price index in London

As of February 2023, the house price index for London was 132.11, which means that the average price for all residential property types (detached, semi-detached and terraced houses, as well as flats) had increased by about 32 percent since the beginning of 2015. It can be seen that the HPI for the United Kingdom (UK) followed the same trend.

Average house prices

Location plays a huge role in the price for a home. Kensington and Chelsea and City of Westminster are without a doubt the most expensive boroughs in London, with an average house price of over one million British pounds in 2021. In comparison, a house in Barking and Dagenham cost approximately one third. Nevertheless, the housing market is the busiest in the boroughs with average house prices .

House price index in London, England from January 2015 to February 2023

Characteristic	House price index
Feb '23	132.11
Jan '23	133.58
Dec '22	133.33
Nov '22	133.74
Oct '22	133.38
Sep '22	135.08
Aug '22	135.2
Jul '22	134.34
Jun '22	132.03
May '22	129.79
Apr '22	129.55
Mar '22	128
Feb '22	128.33
Jan '22	128.39
Dec '21	126.38
Nov '21	126.62
Oct '21	126.03
Sep '21	126.39
Aug '21	126.67
Jul '21	123.61
Jun '21	125.61
May '21	120.74
Apr '21	121.94
Mar '21	124.08
Feb '21	121.73
Jan '21	123.9
Dec' 20	122.67
Nov '20	122.76
Oct '20	120.69
Sep '20	122.43
Aug '20	121.49
Jul '20	120.1
Jun '20	119.14
May '20	117.47
Apr '20	118.2
Mar '20	119.8
Feb '20	117.78
Jan '20	118.15
Dec '19	118.94
Nov '19	116.36
Oct '19	117.33
Sep '19	118.44
Aug '19	117.35
Jul '19	118.78
Jun '19	116.8
May '19	115.09
Apr '19	116.55
Mar '19	115.22
Feb '19	115.69
Jan '19	116.69
Dec '18	117.48
Nov '18	117.75
Oct '18	119.17
Sep '18	118.29
Aug '18	119.04
Jul '18	120.32
Jun '18	119.13
May '18	118.78
Apr '18	118.47
Mar '18	117.25
Feb '18	118.62
Jan '18	119.1
Dec '17	118.37
Nov '17	118.23
Oct '17	119.59
Sep '17	120.1
Aug '17	120.91
Jul '17	121.27
Jun '17	119.19
May '17	119.38
Apr '17	119.1
Mar '17	118.02
Feb '17	118.34
Jan '17	118.06
Dec '16	117.26
Nov '16	116.88
Oct '16	116.92
Sep '16	117.11
Aug '16	117.16
Jul '16	118.04
Jun '16	116.2
May '16	116.05
Apr '16	114.45
Mar '16	115.34
Feb '16	113.63
Jan '16	113.56
Dec '15	111.72
Nov '15	110.58
Oct '15	109.34
Sep '15	109.16
Aug '15	108.27
Jul '15	107.15
Jun '15	104.13
May '15	103.22
Apr '15	101.89
Mar '15	100.46
Feb '15	100.48
Jan '15	100

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Release date

April 2023

More information

Region

United Kingdom (England)

Survey time period

January 2017 to February 2023

Special properties

Not seasonally adjusted.

Supplementary notes

According to the source, "the UK House Price Index (HPI) uses house sales data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland and is calculated by the Office of National Statistics. The index is published monthly, with Northern Ireland figures updated quarterly."

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