Most of London is seeing house prices fall - with some areas seeing some of the biggest drops in a decade.

The latest figures from the Land Registry show prices were down in 23 out of 33 boroughs.

Kensington and Chelsea saw the biggest drop locally, with house prices down by 9.1% in the year to August - it was also the biggest fall in Britain.

House prices in Brent are now worth an average of £45,012 less than they were a year ago, with the average price falling 8.7% to £474,740 in August this year.

It is the biggest year-on-year drop since a 12.1% fall was recorded in September 2009 - just after the banking crash.

In Sutton, house prices fell by 4.5% in a year, which was the area’s biggest fall since November 2009.

The average house price in the area is now £370,154, down £17,256 on a year before.

House prices in Westminster fell by 6.9%, or an average of £67,580, in a year.

They were down 3.9%, or £17,553, in Waltham Forest and down 3.2%, or £23,784, in Hammersmith and Fulham.

Hillingdon saw a 3% fall in prices in the year to August, meaning homes were were worth £12,533 less on average, Croydon saw a fall of 3% or £11,021, Harrow saw a fall of 2.7% or £12,688, and Havering saw a fall of 2.3% or £8,505.

House prices rose by 3.9% in Lewisham to an average of £425,996, and by 5.4% in Hackney to an average of £574,354.

Average house prices in the UK increased by 1.3% in the year to August, according to the figures published this morning by the Office for National Statistics.

This was up from 0.8% in July but less than half the 2.7% annual growth seen this time last year.

Since June 2016, there has been a general slowdown in UK house price growth, driven mainly by a slowdown in the south and east of England.

The average UK house price was £235,000 in August.

House price growth is rising fastest in Wales, up by 4.5% in the year to August, up from 3.8% in July 2019, with the average house price at £168,000.

The North East was the English region with the highest annual house price growth, with prices increasing by 3.3% in the year to August. This was followed by the North West, increasing by 3.1%.

The lowest annual growth was London, where prices fell by 1.4% over the year, down from a fall of 1.2% in July 2019.

London's figures borough by borough

The table below shows the local authority areas, followed by the average price, the annual change as a percentage and the annual change in pounds

Kensington And Chelsea // £1,289,229 // -9.1 // -£128,803

Brent // £474,740 // -8.7 // -£45,014

City of Westminster // £914,776 // -6.9 // -£67,580

Sutton // £370,154 // -4.5 // -£17,256

Waltham Forest // £428,099 // -3.9 // -£17,553

Hammersmith and Fulham // £714,435 // -3.2 // -£23,784

Hillingdon // £402,210 // -3 // -£12,533

Croydon // £361,014 // -3 // -£11,021

Harrow // £451,870 // -2.7 // -£12,688

Havering // £364,497 // -2.3 // -£8,505

Tower Hamlets // £431,421 // -2.1 // -£9,408

Merton // £520,730 // -1.9 // -£10,107

Ealing // £476,497 // -1.9 // -£9,099

Bexley // £341,079 // -1.9 // -£6,452

Camden // £815,639 // -1.4 // -£11,724

Barnet // £527,183 // -1.2 // -£6,532

Haringey // £549,148 // -1.1 // -£6,383

Wandsworth // £599,046 // -1.1 // -£6,790

Kingston upon Thames // £499,819 // -1 // -£5,236

Southwark // £501,708 // -0.9 // -£4,542

Enfield // £391,785 // -0.9 // -£3,428

Hounslow // £394,566 // -0.4 // -£1,724

Richmond upon Thames // £666,848 // 0 // -£240

Newham // £366,266 // 0.1 // £334

Greenwich // £388,508 // 0.3 // £1,283

Bromley // £446,425 // 0.4 // £1,852

Islington // £672,280 // 0.7 // £4,414

Redbridge // £427,984 // 1 // £4,209

City of London // £800,263 // 2.1 // £16,119

Lambeth // £514,315 // 2.1 // £10,669

Barking and Dagenham // £303,890 // 2.7 // £7,982

Lewisham // £425,996 // 3.9 // £16,022


Hackney // £574,354 // 5.4 // £29,375