ONS data reveals the average price for newly built homes in Ealing is half of Westminster

By Moiz Saifuddin

2nd Sep 2024 | Local News

The London Borough of Ealing has a higher average price of new homes than Hounslow (credit: Cesar Medina).
The London Borough of Ealing has a higher average price of new homes than Hounslow (credit: Cesar Medina).

Latest data from the Office for National Statistics (ONS) reveals the average price for newly built homes across London from September 2022 to September 2023, including Ealing Borough.    

An analysis of the data by home insurance broker, One Sure Insurance, ranked the most expensive homes in London with Westminster topping the list at £1,809,875 and the least expensive being Havering at £298,750. 

Out of the 28 councils analysed, Ealing ranked 12th for the average cost of newly built homes in London at £546,737, less than half of Westminster.

Still, this was more expensive than neighbouring towns such as Hounslow just below with prices at £515,875 (13th), Harrow at £455,000 (21st), and Hillingdon at £375,000 (26th). 

Tower Hamlets in the East End ranks just above Ealing with prices at £584,300 (11th) but not above west London neighbours Hammersmith & Fulham with a staggering average price of newly built homes at £1,137,613 (3rd).

The analysis also revealed that across England and Wales half of the 20 most expensive house prices were in London boroughs. 

A table of the top 20 highest median prices paid for all types of newly built houses across England and Wales in 2023 (credit: Graph/One Sure Insurance. Data/ONS).

A spokesperson for One Sure Insurance said about the findings: "While it does not show us what the highest and lowest prices are, these median price points offer a perspective on the potential average cost for new housing.  

"It is notable that every borough in the top 20 positions is either based in London or somewhere in the south of England, which is likely because of how close they are to the capital or the south coast.

"Both locations may be desirable places to live for new house owners due to being business and tourism hubs, respectively."  

They added: "There are also many boroughs in the upper half of the list that lack of data for most types of housing. This might mean they either only have recorded pricing data for newly built flats and maisonette houses, or they were the only housing types available in those areas last year, which may be indicative of the current housing market."

The ONS did not record data for City of London, Barking & Dagenham, Kensington & Chelsea, Redbridge, and Richmond boroughs at the time of publishing, therefore are not in the ranking.

     

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