Although UK house prices went up again last month, the increase seems to be “predominantly flat” Russell Galley said that the prices of home have barely changed since March, keeping an average cost of homes in the UK at £233,541. Last month (August) the prices of homes rose 0.3%

 “While ongoing economic uncertainty continues to weigh on consumer sentiment – with evidence of both buyers and sellers exercising some caution – a number of important underlying factors such as affordability and employment remain strong,” he said. “Although the housing market will undoubtedly be influenced by events in the wider economy, it continues to show a degree of resilience for the time being.”

Although the average in UK overall is £233,541 – the average in London currently is £466,824 and incurring a 0.7% increase since May 2019. Almost double the UK’s average.

If you are interested in London’s house pricing, the Gov.UK website has recently updated the below information

Average price by property type for London

Property type June 2019 June 2018 Difference %
Detached £901,854 £909,153 -0.8
Semi-detached £583,338 £587,607 -0.7
Terraced £493,000 £497,145 -0.8
Flat/maisonette £403,042 £421,188 -4.3
All £466,824 £479,931 -2.7

(Contains public sector information licensed under the Open Government Licence v3.0)