Annual average asking prices up 0.7% in London

The average asking price for a house coming to market in London last month was £677,794, according to a recent analysis of sales data - a drop of £17,285 from June. While London asking prices are up 0.7% annually, data for individual boroughs varies widely. In Brent, the average asking price is now £616,308, with asking prices having dropped by 4.8% annually. In Westminster on the other hand, asking prices are up 5.4%, with average asking prices currently at £1,537,470. Barking and Dagenham is the least expensive borough, with an average asking price of £375,156, while Kensington and Chelsea is still the most expensive with an average asking price of £1,673,995. In Tower Hamlets, the average price was £607,107, a 0.7% annual drop, while in Newham, the average price was £472,518 - a 2.3% increase.

Evening Standard (19/08/2024)