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August property price update

25 August 2022
Land registry data (UK HPI)June Av. priceMonthly change12-month
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.

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