UK rents accelerate as London house prices fall, and inflation rises to 3.1% – as it happened
House prices are continuing to drop in London, even as rents in the capital (and beyond) rise again.
The average property price in the capital fell by 3.3% year-on-year in July – the eleventh consecutive drop, and the lowest annual rate since January 2024.
The Office for National Statistics reports that “Inner London particularly affected” and that the average house price in London is now £19,000 below the recent peak in July 2025, at £569,000.
Overall, the average house price for England was £293,000 in July, up by 1.1% (£3,000) from a year earlier, the ONS reports.
Source: The Guardian. Summary reproduced for informational purposes.
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