|UK Land Registry data||July average price||Monthly change||12 month change|
|Kensington and Chelsea||£1,295,861||+3.0%||-2.9%|
|City of Westminster||£956,783||-0.1%||-1.0%|
- England house prices grew by 0.3% in the year to July 2019, down from a rise of 1.1% in June 2019.
- England house prices were growing slower than the UK annual rate of 0.7% in the year to July 2019.
- In London, average house prices fell by 1.4% in the year to July 2019, up from a fall of 2.9% in June 2019.
- The average property price in Fulham is now £746,230 representing an annual increase of 1.3%.
- In July 2019, the most expensive area to purchase a house was Kensington and Chelsea, where the average cost of a house was £1.3 million. In contrast, the cheapest area to purchase a house was Burnley, where the average cost of a house was £84,000.
New joint venture targeting London's property development sector
We are pleased to have supported Hyde Park Residential and ARQ Group in setting up Trafalgar Real Estate Developments Limited. Hyde Park Residential is one of London’s leading, independent property advisory and acquisition firms and ARQ Group is a multi-disciplinary professional services organisation based in Malta.
Trafalgar aims to introduce both Maltese and international investors to development opportunities in the London real estate sector. Targeted development sites will be in and around Central London within the Greater London commuter belt, therefore having excellent road and rail connections. This focus is driven by the lack of supply of more affordable housing in central London or that is within a reasonable commute to central London. Demand is driven by a combination of first-time buyers as well as persons working within the Greater London area.
For more information please visit www.trafalgarrealestate.co.uk.