London: monthly house prices index 2015-2024

The house price index in London reached 129.9 index points in June 2024, which was an increase from a year ago, despite a mild correction. 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.

How have regional house prices in the UK developed?

House prices in other UK regions have risen even more than in London. In the North West, the house price index exceeded 160 index points, ranking it among the regions with the highest property appreciation. The UK house price index stood at 151 index points, suggesting an increase of 51 percent since 2015.

Average house prices

Location plays a huge role in the price of a home. Kensington and Chelsea and City of Westminster are undoubtedly the most expensive boroughs in London, with an average house price that can exceed one million British pounds. 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 June 2024

Characteristic	House price index
Jun 2024	129.9
May 2024	128.3
Apr 2024	125.1
Mar 2024	126.5
Feb 2024	126.5
Jan 2024	127
Dec 2023	126.8
Nov 2023	126.6
Oct 2023	127.6
Sep 2023	130.4
Aug 2023	130.2
Jul 2023	129.9
Jun 2023	129
May 2023	129.7
Apr 2023	129.7
Mar 2023	128.5
Feb 2023	131
Jan 2023	133.1
Dec 2022	132.1
Nov 2022	133.1
Oct 2022	132.4
Sep 2022	134.4
Aug 2022	134.6
Jul 2022	133.4
Jun 2022	132.6
May 2022	128.5
Apr 2022	128.7
Mar 2022	127.5
Feb 2022	127.9
Jan 2022	127.8
Dec 2021	127
Nov 2021	127
Oct 2021	125.1
Sep 2021	125.6
Aug 2021	126.6
Jul 2021	122.8
Jun 2021	124.8
May 2021	121.2
Apr 2021	121.4
Mar 2021	123.9
Feb 2021	121.8
Jan 2021	122.7
Dec 2020	122.67
Nov 2020	122.76
Oct 2020	120.69
Sep 2020	122.43
Aug 2020	121.49
Jul 2020	120.1
Jun 2020	119.14
May 2020	117.47
Apr 2020	118.2
Mar 2020	119.8
Feb 2020	117.78
Jan 2020	118.15
Dec 2019	118.94
Nov 2019	116.36
Oct 2019	117.33
Sep 2019	118.44
Aug 2019	117.35
Jul 2019	118.78
Jun 2019	116.8
May 2019	115.09
Apr 2019	116.55
Mar 2019	115.22
Feb 2019	115.69
Jan 2019	116.69
Dec 2018	117.48
Nov 2018	117.75
Oct 2018	119.17
Sep 2018	118.29
Aug 2018	119.04
Jul 2018	120.32
Jun 2018	119.13
May 2018	118.78
Apr 2018	118.47
Mar 2018	117.25
Feb 2018	118.62
Jan 2018	119.1
Dec 2017	118.37
Nov 2017	118.23
Oct 2017	119.59
Sep 2017	120.1
Aug 2017	120.91
Jul 2017	121.27
Jun 2017	119.19
May 2017	119.38
Apr 2017	119.1
Mar 2017	118.02
Feb 2017	118.34
Jan 2017	118.06
Dec 2016	117.26
Nov 2016	116.88
Oct 2016	116.92
Sep 2016	117.11
Aug 2016	117.16
Jul 2016	118.04
Jun 2016	116.2
May 2016	116.05
Apr 2016	114.45
Mar 2016	115.34
Feb 2016	113.63
Jan 2016	113.56
Dec 2015	111.72
Nov 2015	110.58
Oct 2015	109.34
Sep 2015	109.16
Aug 2015	108.27
Jul 2015	107.15
Jun 2015	104.13
May 2015	103.22
Apr 2015	101.89
Mar 2015	100.46
Feb 2015	100.48
Jan 2015	100

Zoomable Statistic: Select the range in the chart you want to zoom in on.

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

August 2024

More information

Region

United Kingdom (England)

Survey time period

January 2015 to June 2024

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."

Citation formats