Real Estate Advisory

Update: Market Performance

8th November 2021

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Land registry data (UK HPI)August Av. priceMonthly change12 month
England£280,921+3.2%+9.8%
London£525,893+5.6%+7.5%
City of Westminster£1,000,516+9%+2.5%
Kensington and Chelsea£1,450,425+1.4%+9.4%
  • England house prices grew by 9.8% in the year to August 2021, up from 7.5% in July 2021.   
  • The North East was the fastest growing region with annual growth of 13.3% in the year to August 2021. 
  • Across England, detached houses showed the biggest increase out of all property types, growing by 12.3% in the year to August 2021 to £438,000.  
  • In London, average house prices increased by 2.2% in the year to July 2021, down from an increase of 5.1% in June 2021.
  • The lowest annual change was in flats and maisonettes which increased by 4.5% in the year to July 2021 to £237,000.
  • Across England, detached houses showed the biggest increase out of all property types, growing by 15.7% in the year to June 2021 to £438,000. 
  • In August 2021, the most expensive area to purchase a property was Kensington and Chelsea, where the average cost was £1.5 million.
  • In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £107,000.

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