Average house prices in the capital were down 2.4% in 2025, compared to an average rise of 1.7% across the whole of the UK. over the same period.
The real value of flats in London has dipped by an average of 22% over the last decade, according to new figures from Bloomberg, as a wave of wider shocks including Brexit, interest rate rises and the cost-of-living crisis took their toll, as well as new taxes and policies specific to more valuable homes – which largely impacted homes in London and the South East.
