Property prices have boomed in Andy Burnham's north while the house values in London have plummeted, fresh analysis has revealed.

House prices have risen across the UK by 1.4 per cent – around £3,768 – with the average property value sitting at £273,000, according to the latest House Price Index.

But despite the slight uptick in property values, it has not syorpelt success for all British homeowners.

In March 2026, the previous HPI report suggested that, amid continued strain on the global economy from the Middle East crisis, the housing market could start to wane.

And the latest figures show London has been the hardest-hit, with around £18,758 wiped off house prices on average – a drop of 3.3 per cent in just a year alone.

Only 12 of the city's 32 boroughs saw positive numbers, with Greater London outperforming central London once again.

The biggest loser is Westminster, where values have plummeted by 20.7 per cent, with the average home worth £876,788, according to PurpleBricks.

Kensington and Chelsea also suffered, dropping by £202,092 on average; however, the benchmark cost for a home in the borough is £1,232,640.

The City of London was third worst, also shedding six figures in value, with properties losing £149,900 and the mean property price sitting at £710,652.

And while most London boroughs saw values dwindle compared to last year, prices of homes in northern England have soared.

Andy Burnham's beloved Trafford was one of the UK's top-performing areas, with the average Greater Manchester home worth £400,688 – an increase of £35,164.

Yorkshire and the Humber was the third highest-performing in the country, with its most improved area, Kirklees, averaging a year-on-year gain of £11,994.

Market Harborough, located in the East Midlands, also benefited from the last HPI drop.

Average properties in the Leicestershire town gained an average worth of £27,108 in the 12 months, with the average property price tag sitting at £347,010.

Elsewhere in the East Midlands, homes in the scenic Derbyshire Dales rose 7.1 per cent, up £23,711 over 12 months.

And some boroughs of London saw some gains too, with house prices in Kingston upon Thames up by 3.3 per cent.

Another top-performing area was Barking and Dagenham, where the average property price rose to £375,604.

Homeowners living in Scotland and Wales also saw positive returns on their investments with annual price rises of 2.3 per cent and 2.6 per cent, respectively.

However, house sales have slumped significantly, down by 11,766 in England from 51,440 in May 2025 to 39,674 in May this year, according to the latest HPI.

Tom Evans, Sales Director at Purplebricks Estate Agency, said: 'The housing market continues to show resilience despite a difficult economic backdrop.

'Although buyer activity has softened, the positive news is that wages continue to grow steadily, and employment has held up better than many expected or predicted, which should help support those who want to make a move in the housing market.

'With prices still around 25% higher than they were at the end of 2019, homeowners remain in a relatively strong position and have more than enough reason to remain optimistic about the market.'