Barnet (Parliament Politics Magazine) – New figures reveal house prices in Barnet fell in September, dropping more sharply than the London average and signaling shifting trends in the property market.
According to data from the Office for National Statistics, the average price of a Barnet home in the time ending in September was £609,628, a 1.2 drop from August.
It was lower than the 1.1 price drop that was typical for all of London.
Barnet’s loss is part of the region’s longer- term trend, which has endured a 2.7 monthly decline in property values.
Barnet’s average price dropped by £17,000 over the former time, placing the region 24th out of 33 original authorities in London for periodic growth.
Barking and Dagenham saw the most periodic growth in London, with an average 6.1 increase in house prices.
Again, the value of parcels in the City of London dropped by 15%.
After growing by 3.1% in the year ending in August, average UK house prices grew by 2.6% in the year ending in September.
ONS head of housing market indices Aimee North said:
“UK annual house price inflation slowed in September with the average UK house price now around £272,000.
The Yorkshire and the Humber was the English region with the highest house price inflation while the regions with the lowest annual inflation are in the south of England. London is the only region showing an annual fall again.”
The Consumer Prices Index inflation slowed to 3.6% in October from 3.8% in September, according to the ONS, which also issued the house and rental price data. According to some analysts, this might lead to a base rate reduction by the Bank of England in the near future, which would lower expenses for some mortgage customers.
The below-CPI inflation increase in home price increases is “difficult news for homeowners, especially those who plan to downsize and cash in on as much property,” according to Sarah Coles, head of personal finance at Hargreaves Lansdown.
David Hollingworth, associate director at L&C Mortgages, said:
“Today’s figures are unlikely to dampen hopes of a base rate cut in December, despite remaining well above the Bank of England’s inflation target.”
He added:
“The growing belief of a cut coming sooner than previously anticipated has already seen mortgage rates improving. Mortgage lenders have been quick to pass on the improved cost of funds and there’s been successive rounds of fixed rate cuts by most major lenders.”
What caused Barnet prices to fall more than London overall?
The sharper fall in Barnet house prices compared to the overall London request in September 2025 appears to be driven by several original factors. One crucial reason is the advanced base price position in Barnet, where the average house price is significantly above the London normal( £610,000 in Barnet vs. £556,000 in London).
This makes Barnet more sensitive to request oscillations. Detached homes in Barnet, which command an average price of around£ 1.46 million, saw the steepest decline, indicating that the luxury member may be cooling more fleetly than other parts.
Also, affordability pressures are more acute in Barnet, where house prices are about 15 times higher than the average original payment, making it harder for buyers and therefore dampening demand further than in London generally.
