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House prices by borough

Key points

  • The lowest house prices in London are found in the Outer East & North East.
  • The average house price in Barking & Dagenham is around £1million less than in Kensington & Chelsea.
  • Of the 9 boroughs with the lowest average house prices in 2008, 7 have seen falls of at least 5% since.

House prices by borough and their change since 2008

What does this graph show?

The graph shows two things. The average price of a home in each borough in 2008 (the grey line), and the change in price in the three years since (the purple bars). The graph is ordered left to right by lowest to highest price in 2008. We chose 2008 as that was the supposed "high point" for house prices in the UK. The "average" price for each borough is based on sale prices, adjusted for the mix of types and sizes of house sold.

The lowest house prices in London are found in the Outer East & North East - Barking & Dagenham, Bexley, and Waltham Forest. Greenwich and Havering are also low compared to the rest of London, as are the Inner East & South boroughs of Newham and Lewisham.

But what is most notable about the graph is the relationship between low prices in 2008 and falls since. Of the 9 boroughs with the lowest average house prices in 2008, 7 have seen falls of at least 5% since.

Rises in prices are less obviously related to prices. Some of the largest rises in percentage terms were in areas where prices were average for London, notably Haringey and Southwark.

This graph provides the background to the indicator on mortgage repossessions by borough.

Data used

Acadametrics 2011

Indicator last updated: 6 February 2014

Case Study

Case study: Laura

Laura, aged 48, has lived in London most of her life. She worked in low-skilled jobs until becoming a mother. With no support from the father, she found it difficult to cope. Her real words are spoken by an...More…