Land registry data (UK HPI) | June Av. price | Monthly change | 12-month |
England | £304,867 | +0.9% | +7.3% |
London | £537,920 | +1.9% | +6.3% |
City of Westminster | £944,441 | -1.2% | +10% |
Kensington and Chelsea | £1,362,055 | -1.9% | +12.2% |
- England house prices grew by 7.3% in the year to June 2022, down from 13.0% in May 2022.
- The East of England was the fastest growing region with annual growth of 9.7% in the year to June 2022.
- Across England, semi-detached houses showed the largest increase out of all property types, growing by 8.7% in the year to June 2022 to £292,000.
- In London, average house prices increased by 6.3% in the year to June 2022, down from 8.6% in May 2022.
- In June 2022, the most expensive area 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 Burnley, where the average cost was £120,000.