| Land Registry data |
January 2018 Av.price | Monthly change | 12 Month change |
| England | £242,286 | -0.5% | +4.6% |
| London | £485,830 | +1% | +2.1% |
| Royal Borough of Kensington and Chelsea | £1,380,000 | +9.0% | -1.0% |
| City of Westminster | £1,025,871 | +0.2% | -1.4% |
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In London property prices have increased by 2.1% in the last year and have increased by 1% between December 2017 and January 2018.
- The average property price in Merton is now £510,576 – representing an annual increase of 5.6%.
- Redbridge was the London borough that recorded the highest annual price increase (5.9%) in January. The average property price in Redbridge is now £432,415.
- In January 2018, the most expensive borough to live in was once again Kensington and Chelsea, where the cost of an average house was £1.4 million whilst cheapest borough was Barking and Dagenham, where an average house costs £293,000.
