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Updated : Property prices

11 October 2022
Land registry data (UK HPI)July Av. priceMonthly change12-month
City of Westminster£958,990+1.2%4.7%
Kensington and Chelsea£1,350,969-0.9%+1.3%
  • England house prices grew by 16.4% in the year to July 2022, up from 7.3% in June 2022. 
  • England house prices were growing faster than the UK annual rate of 15.5% in the year to July 2022. 
  • The South West was the fastest growing region with annual growth of 20.7% in the year to July 2022.
  • The lowest annual growth was in London, where prices increased by 9.2% over the year to July 2022.
  • Across England, detached houses showed the largest increase out of all property types, growing by 18.3% in the year to July 2022 to £488,000.
  • The lowest annual change was in flats and maisonettes which increased by 9.6% in the year to July 2022 to £254,000.
  • In July 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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