House prices slump by up to 25% in London as rents rise: What's happening in your area?

They show that in the city centre tens of thousands of pounds have been wiped off the average house price.Property prices are falling in Inner LondonGettyFor London as a whole, house prices fell by 2.5% in the 12 months to June.At the same time, rents are rising for many Londoners, up on average by 3% across the capital in the year to July. Here are the figures for all boroughs.Borough% change in average house price in year to June 2026% change in average rentin year to July 2026Barking and Dagenham+4.3+2.8Barnet-2.9+3.6Bexley+1.2+1.5Brent-3.4+2Bromley-1.4+2.6Camden-7.1+0.5Croydon-1.9+3.3Enfield+0.3+5.1Ealing-2.7+2.2Greenwich-0.5+5.6Hackney+0.4+3.2Hammersmith and Fulham-13.3+1.9Haringey+2.5+1.5Harrow-1.4+3Havering+3.9+2.2Hillingdon-0.6+2.1Hounslow+1.1+3.1Islington-8.1+5.9Kensington & Chelsea-14.7+0.8Kingston+2.9-1.2Lambeth-3.3+4.2Lewisham+0.6+2.4Merton+0.5+4.6Newham-0.7+2.8Redbridge+3.6+2.1Richmond-0.3+4Southwark+2.2+3.8Sutton+0.4+2Tower Hamlets-13.1+3Waltham Forest+2.5+1.1Wandsworth-5.2+3.9Westminster-25.4-2Source: ONSThe sharp fall in property prices comes after Sir Keir Starmer’s Government hiked taxes by tens of billions and amid the economic uncertainty sparked by Donald Trump’s Iran war.The biggest drops in house prices in the year to June were in Inner London:* Kensington and Chelsea down 14.7%, or a drop of £216,000 from £1,466,000 to £1,250,000* Hammersmith and Fulham down 13.3% from £837,000 to £726,000, or a fall of £111,000* Tower Hamlets down 13.1% from £526,000 to £457,000, or £69,000* Islington down 8.1% from £733,000 to £673,000, or £60,000* Camden down 7.1% from £897,000 to £833,000, or £64,000* Wandsworth down 5.2% from £717,000 to £680,000, or £37,000Average house prices fell in 18 boroughs and rose in 14.In contrast, average rents went up in the year to July in 30 boroughs, and down in only two.The largest increases were in:* Islington, up 5.9% from £2,694 a month to £2,854* Greenwich, up 5.6% from £1,876 to £1,980* Enfield, up 5.1% from £1,732 to £1,821* Merton, up 4.6% from £2,059 to £2,153* Lambeth, up 4.2% from £2,417 to £2,519* Richmond up 4% from £2,230 to £2,318.However, landlords have warned it will push up costs.