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UK House Prices Up 74% in Two Decades as Regional Gaps Narrow

UK homebuyers face narrowing regional price gaps despite steep costs in the South East

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Overview

  • The average UK house price climbed 74% over 20 years, rising from £113,900 in 2005 to £268,200 in 2025.
  • London’s average property cost jumped 119% to £534,400, though stronger growth elsewhere has trimmed the capital’s price premium.
  • Kensington and Chelsea led local authority increases with a 124% rise, followed by Elmbridge at 110% and St Albans at 108%.
  • The North East recorded the slowest growth at 39%, with Blackpool and Sunderland seeing 26% and 22% increases respectively.
  • An Opinium survey found that 52% of Britons would consider moving back to their hometowns despite rising prices in the South East and eastern England.