| Land registry data (UK HPI) | March Av. price | Monthly change |
12 month
|
| England | £248,271 | -0.1% | +2.2% |
| London | £485,794 | +1.2% | +4.7% |
| Kensington and Chelsea | £1,396,102 | +18% | +14.6% |
| City of Westminster | £1,085,013 | +11% | +13.5% |
- In England the March data shows, on average, house prices have fallen by 0.1% since February 2020. The annual price rise of 2.2% takes the average property value to £248,271.
- Across England, detached houses showed the biggest increase out of all property types, growing by 2.5% in the year to March 2020 to £379,000.
- London experienced the greatest annual price rise, up by 4.7% taking the average property value to £485,794.
- Hackney experienced the largest annual price increase in London with an increase of 15.1% taking the average property price to £638,683.
- The average property price in Fulham is now £747,174 representing an annual increase of 4.3%.
- In March 2020, the most expensive area in London to purchase a property was Kensington and Chelsea, where the average cost was £1.4 million. In contrast, the cheapest area to purchase a property was Barking and Dagenham, where the average price was £327,136.
