London owners have seen the worth of their properties enhance over the previous month – regardless of a nationwide downward pattern in home costs.
UK property values suffered a month-on-month fall of practically 3 per cent in at the moment’s Home Worth Index (HPI), which is the primary time this 12 months that costs have fallen.
The common UK residence was value £265,497 in April which was down 2.7 per cent on the earlier month however up 3.5 per cent in comparison with the earlier 12 months.
In the meantime the typical London property was priced at £566,614 in April, following an increase of two.6 per cent month-on-month, and a 3.3 per cent acquire yearly.
The general month-to-month worth fall for the UK adopted modifications to stamp responsibility that got here into drive in April and piled extra prices onto consumers, significantly on pricier properties.
The information was analysed by on-line property brokers Purplebricks following the most recent month-to-month HPI report from the Workplace of Nationwide Statistics (ONS) launched at the moment.
The report will probably be welcome studying for owners in a few of London’s most costly areas, which have seen months of continued worth drops.
Houses in upmarket Kensington and Chelsea noticed costs surge by 9 per cent in a month – a acquire of £123,815 on common to a brand new typical worth of £1.34million.
The Metropolis of London additionally noticed an enormous rise of seven per cent, including £53,255 to the typical property and taking the standard worth as much as £771,818.
Westminster properties loved an encouraging month too with a rise of three per cent or £28,408, to provide properties a brand new common price ticket of £946,923 on.
However regardless of the month-to-month worth rises, properties in all three of these London boroughs had been value much less in April 2025 than the 12 months earlier than – with Westminster properties hardest hit, shedding £144,879.
All through the capital, 16 boroughs noticed a month of worth rises whereas ten areas noticed a month-on-month loss. Seven areas of London noticed no change.
The most important loser this month was positioned on the London-Essex border at Epping Forest, which noticed a 4 per cent lower amounting to £22,913 being knocked off property costs.
Whereas London had a affluent month general, properties in Hackney misplaced 3 per cent in worth, the equal of £18,883.
Regardless of it being a troublesome month for home costs in lots of components of the UK, properties have seen a mean worth enhance of £9,000 over the previous 12 months.
| Space | Proportion enhance MOM | Cash gained |
|---|---|---|
| 1. Kensington and Chelsea | 9% | £123,815 |
| 2. Metropolis of London | 7% | £53,255 |
| 3. Metropolis of Westminster | 3% | £28,408 |
| 4. Tandridge | 5% | £26,972 |
| 5. Islington | 3% | £18,904 |
| 6. Winchester | 4% | £18,601 |
| 7. Three Rivers | 3% | £18,287 |
| 8. Elmbridge | 2% | £15,168 |
| 9. Cambridge | 3% | £15,110 |
| 10. London | 3% | £14,732 |
| Space | Proportion lower MOM | Cash misplaced |
|---|---|---|
| 1. Epping Forest | -4% | -£22,913 |
| 2. Hackney | -3% | -£18,883 |
| 3. Chichester | -4% | -£18,621 |
| 4. Cotswold | -4% | -£17,121 |
| 5. North Hertfordshire | -4% | -£14,402 |
| 6. South Cambridgeshire | -3% | -£14,365 |
| 7. Brighton & Hove | -3% | -£13,238 |
| 8. North West | -6% | -£13,105 |
| 9. Newham | -3% | -£12,878 |
| 10. North East | -8% | -£12,637 |
| Space | Proportion enhance YOY | Cash gained |
|---|---|---|
| 1. Elmbridge | 7% | £56,121 |
| 2. Bromley | 10% | £52,067 |
| 3. Lewisham | 10% | £51,550 |
| 4. Cambridge | 10% | £51,060 |
| 5. Three Rivers | 9% | £50,141 |
| 6. Haringey | 8% | £49,637 |
| 7. Uttlesford | 9% | £46,583 |
| 8. Waltham Forest | 9% | £46,056 |
| 9. Kingston upon Thames | 7% | £41,578 |
| 10. Sevenoaks | 8% | £41,260 |
| Space | Proportion lower YOY | Cash misplaced |
|---|---|---|
| 1. Westminster | -15% | -£144,879 |
| 2. Metropolis of London | -14% | -£110,370 |
| 3. Hammersmith | -11% | -£82,731 |
| 4. Islington | -10% | -£65,487 |
| 5. Cotswold | -8% | -£32,155 |
| 6. Wandsworth | -4% | -£27,909 |
| 7. Camden | -3% | -£21,879 |
| 8. Newham | -5% | -£21,601 |
| 9. Hackney | -2% | -£14,162 |
| 10. Kensington and Ch | -1% | -£13,458 |
April marks the fourth consecutive month of annual worth rises for UK properties. Since April 2024, properties have elevated by 3.5 per cent during the last calendar 12 months.
Home costs in England noticed an annual rise of three per cent, making the typical property value £286,000; whereas Wales had a 5.3 per cent enhance and houses stood at £210,000 on common.
In Scotland there was a 5.8 per cent enhance, placing a £191,000 on the typical residence.
The HPI report additionally revealed there have been fewer UK properties put up on the market in February this 12 months, with practically 7,000 fewer offered in February 2025 in comparison with the identical time final 12 months.
Purplebricks gross sales director Tom Evans stated: ‘This small month-to-month decline is little greater than a bump within the street – a stumble after April’s stamp responsibility modifications.
KENSINGTON AND CHELSEA: This spectacular three-bedroom duplex on Pembridge Sq. in West London is in the marketplace with Purplebricks for £4.5million – click on right here to view the itemizing
CITY OF LONDON: This three-bedroom terraced home on Pages Stroll is on for £950,000 with Purplebricks – click on right here for the itemizing
CITY OF WESTMINSTER: This two-bedroom maisonette on Oakley Sq. is in the marketplace for £800,000 with Purplebricks – click on right here to view the itemizing
‘Top-of-the-line investments you may make is in bricks and mortar, and most consumers are trying on the long-term after they signal on the dotted line.
‘2025 has to this point been an ideal 12 months for the market with continued worth rises, which I predict will probably be again earlier than lengthy.’
Robert Nichols, managing director of Purplebricks Mortgages, added: ‘With 0 per cent deposits, the bottom mortgage charges in two years, the UK is a consumers’ market proper now.
‘And, rising wages means there are extra first-time consumers inspired to place that all-important first foot on the property ladder.
‘Motion on the backside of the ladder can pay dividends within the long-run, selling gross sales additional and additional up the chain – in the end nudging costs up over time.’
