London house price growth slows

The price of the average London home stood at £680,806, with house prices in the capital rising 2.5% compared to 3% in Britain as a whole in the last 12 months. When looked at borough-by-borough, Camden residents saw their property rise 13.4% to reach an average of £1,121,609, while house prices in Kensington and Chelsea fell by 1.8%; although the west London enclave is still London's most expensive place to buy with the average property valued at £1,672,224. The capital's cheapest properties were in Barking and Dagenham where prices rose 1.8% to £370,289 during the year; even so they are still more expensive than the average price of property in the UK, £365,357.

City AM (24/03/2023)