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Westminster house prices have crashed by 20% in a year as London flats become the hardest to sell in THREE DECADES

From the Newshound archive · first published 19 September 2026.

Westminster house prices have crashed by 20% in a year as London flats become the hardest to sell in THREE DECADES
Estate agents' 'For Sale' boards outside terraced houses, as ONS figures show 20 of London's 32 boroughs are now cheaper than a year ago, with Tower Hamlets, Kensington and Chelsea, and Camden among those posting…
Estate agents' 'For Sale' boards outside terraced houses, as ONS figures show 20 of London's 32 boroughs are now cheaper than a year ago, with Tower Hamlets, Kensington and Chelsea, and Camden among those posting…

Tower Hamlets, Kensington and Chelsea, and Camden have also posted double-digit falls, as official ONS figures show 20 of the capital's 32 boroughs are now cheaper than they were 12 months ago. Rents are rising across almost every borough at the same time, with Islington up 6.2% in the year to August, squeezing Londoners from both directions.

Nationally, house prices rose 1.4% to an average of £273,000, with Andy Burnham's Greater Manchester — led by Trafford, up £35,164 — among the UK's top-performing areas.

Flat prices nationally are down 2% year-on-year, their largest annual drop of any property type, with Zoopla reporting that 88% of inner-London flats go unsold after six months on the market.

MoreEvening StandardLondon house prices shock: Four boroughs see falls of more than 10% in a yearDaily MailIt's grim down south! Property prices boom in Andy Burnham's north but there is more misery for London homeowners - as calculator reveals house prices in YOUR areaBBC News - UKWhy are London's flats becoming harder to sell?
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