UK Property Prices by Region in 2026

The UK property market continues to show moderate price and rental growth, with noticeable regional variations. This article outlines average property prices across the country and has a closer look at key areas of London.

Average UK Property Prices

Average property prices in the UK vary significantly by region. Here is a breakdown of current figures:

According to official Land Registry data, the average UK property price as of May 2025 is 268,652 British pounds — an annual increase of 3.9%. London remains the most expensive region in the country.

London’s Most Expensive and Sought-After Neighbourhoods

London was ranked among the world’s five wealthiest cities in 2024. Sotheby’s Realty has compiled a list of the capital’s most luxurious areas. Below, we have combined their findings with the current property prices from Rightmove.

Belgravia

Grand residences, designer boutiques, private gardens, embassies, and Michelin-starred restaurants.

Average property price: £3,130,145.

Chelsea

Historically avant-garde, now calm and conservative, red-brick Victorian townhouses, rich cultural life with galleries and museums, designer shops, and high-end cafés.

Average property price: £1,825,791.

Kensington

Museums, mansions, royal gardens, art galleries, concert venues, and a high street lined with designer stores. It is quiet and upmarket, with fewer tourists.

Average property price: £2,217,858.

West Brompton

Quiet, family-friendly, and affluent, with luxury hotels, fine dining, and historic sites.

Average property price: £1,484,606.

Marylebone

A prestigious area known for flagship fashion stores, fine cafés, and cultural sites such as the Sherlock Holmes Museum, Madame Tussauds, and St. James’s Church.

Average property price: £1,611,960.

Mayfair

One of London’s most prestigious postcodes, home to luxury hotels, restaurants, private clubs, corporate offices, and boasting the highest property prices in the city.

Average property price: £3,375,170.

Hampstead

Favoured by artists, actors, and academics. Home to Hampstead Heath — London’s largest park — and historic landmarks, including one of the world’s oldest cinemas, the Everyman.

Average property price: £1,426,188.

Notting Hill

Fashionable and lively, with top-tier restaurants, Victorian architecture, and antique bookshops.

Average property price: £1,822,112.

Westminster

Home to many of London’s iconic sites, including Parliament, government offices, Oxford Street, Bond Street, Soho, Regent’s Park, Hyde Park, Trafalgar Square, Buckingham Palace, and Westminster Abbey.

Average property price: £1,516,058.

Knightsbridge

A сosmopolitan area with high-tech residential buildings near Hyde Park, the iconic Harrods department store, the Victoria and Albert Museum, and Wellington Arch.

Average property price: £3,178,949.

Property Prices in Other Popular London Areas

Pimlico

An area adjacent to Belgravia, currently undergoing regeneration and offering more affordable homes.

Average property price: £931,891.

Earl’s Court

A renovated neighbourhood featuring spacious flats in refurbished period properties.

Average property price: £1,140,979.

Holland Park

A leafy, prestigious, and ideal for families; home to elite schools and elegant houses.

Average property price: £2,323,773.

Regent’s Park

Scenic, elegant architecture surrounding the park, with a theatrical flair.

Average property price: £1,279,519.

Other UK Regions to Consider for Property Purchase

According to Land Registry figures, prices are also rising in the more affordable parts of the country.

These areas offer opportunities to purchase property at prices up to five times lower than those in London.

Average Rental Prices in the UK

Rental costs remain highest in the capital. According to Rightmove’s Q1 2025 report, the latest figures are as follows: