# London flat prices drop £71,000 in four years

> London's inner city flats now £71,000 cheaper than four years ago, with annual declines accelerating.
- Title: London flat prices drop £71,000 in four years · Dailymail
- Summary: London's inner city flats now £71,000 cheaper than four years ago, with annual declines accelerating. Inner London flat prices have fallen 8.4% in the last…
- Keywords: london, flat prices, land registry, inner london, uk property, south east england, north west, north east, wales, northern ireland, news, entertainment
- Source: Dailymail — https://dailymail.com/money/mortgageshome/article-16135427/Flat-prices-London-continue-fall-71-000-shaved-typical-value-four-years.html?ito=1490&ns_campaign=1490&ns_mchannel=rss
- Published: 2026-09-17T09:47:06+00:00
- Read time: 1 min
- Topics: london, flat prices, land registry, inner london, uk property, south east england, north west, north east, wales, northern ireland, news, entertainment
## London flat prices fall
Inner London flats now £71,000 cheaper than four years ago, with prices down 8.4% in the last year.

> No-one rings a bell when a falling market hits the bottom, but after months of correction it appears that London prices are now bumping along the seabed rather than sinking.
## Typical inner london price
The average inner london flat is worth £522,839 as of July, down from £594,135 in September 2022.
## Annual decline rate
London homes have lost 3.3% of value annually, with outer boroughs holding up better than inner boroughs.
## Regional price trends
South and east england prices barely move, while north west and north east see strong gains.
## Northern ireland boom
Northern ireland house prices up 9.2% in the last year, the fastest growth in the uk.
## Key takeaway

Inner London flat prices have fallen 8.4% in the last year, reaching £522,839.