Imofolio

Luton · report

Past price cycles in Luton

Sale prices have fallen by 3% or more 4 times since 1995. The deepest began in October 2007.

Deepest fall
−23.0%
Recovery from the low
65 months

Prices in Luton and the UK, indexed

Average sale prices, both set to 100 in January 1995.

  • Luton
  • United Kingdom
  • 100 = January 1995
Show the numbers
PeriodLutonUnited Kingdom
Aug 2026639.8534.7
Jul 2026637.2532.9
Jun 2026644.4530.1
May 2026640.8533.1
Apr 2026635.8530.6
Mar 2026627.0526.0
Feb 2026625.2527.6
Jan 2026633.3526.4
Dec 2025641.9524.8
Nov 2025645.2529.6
Oct 2025639.1528.4
Sep 2025640.3527.8
Aug 2025639.5529.8
Jul 2025634.4526.5
Jun 2025630.7522.4
May 2025637.4517.1
Apr 2025647.8509.5
Mar 2025635.9524.8
Feb 2025623.0518.5
Jan 2025620.0518.8
Dec 2024626.9517.0
Nov 2024627.5518.0
Oct 2024619.4519.4
Sep 2024610.3518.4
Aug 2024612.9519.1
Jul 2024607.4514.0
Jun 2024617.1508.3
May 2024612.3506.3
Apr 2024621.8502.2
Mar 2024618.0499.5
Feb 2024611.9498.6
Jan 2024615.0501.2
Dec 2023614.9501.6
Nov 2023622.8505.9
Oct 2023629.6509.4
Sep 2023627.6511.7
Aug 2023624.3514.2
Jul 2023608.7511.4
Jun 2023613.7505.8
May 2023618.2503.9
Apr 2023626.1502.2
Mar 2023635.0501.1
Feb 2023636.9506.8
Jan 2023640.4511.0
Dec 2022636.8515.4
Nov 2022643.8519.5
Oct 2022650.2520.3
Sep 2022643.8520.3
Aug 2022635.2519.2
Jul 2022622.1514.8
Jun 2022619.7505.4
May 2022614.2499.4
Apr 2022611.5493.8
Mar 2022609.4488.0
Feb 2022610.4486.2
Jan 2022611.0485.7
Dec 2021603.4480.1
Nov 2021593.7477.7
Oct 2021583.0468.5
Sep 2021576.2480.5
Aug 2021574.3466.8
Jul 2021566.0453.1
Jun 2021559.3475.4
May 2021550.9451.4
Apr 2021547.6448.4
Mar 2021549.7455.2
Feb 2021548.8448.6
Jan 2021547.5447.3
Dec 2020547.0447.3
Nov 2020539.5443.9
Oct 2020532.9439.4
Sep 2020520.9435.7
Aug 2020520.3431.1
Jul 2020520.4426.9
Jun 2020527.3423.4
May 2020529.0417.6
Apr 2020531.1415.5
Mar 2020529.9419.7
Feb 2020527.3416.0
Jan 2020523.0418.4
Dec 2019527.4418.1
Nov 2019530.4418.7
Oct 2019533.7420.2
Sep 2019532.3421.3
Aug 2019529.1421.0
Jul 2019530.1419.6
Jun 2019530.3415.0
May 2019531.5413.2
Apr 2019537.0412.6
Mar 2019538.1409.7
Feb 2019548.0410.8
Jan 2019547.9411.8
Dec 2018547.9414.4
Nov 2018545.0415.3
Oct 2018548.8417.1
Sep 2018552.0417.5
Aug 2018550.4418.3
Jul 2018543.9417.0
Jun 2018542.7411.9
May 2018542.0409.2
Apr 2018548.0407.5
Mar 2018552.5403.7
Feb 2018554.1406.1
Jan 2018553.5405.0
Dec 2017550.4406.5
Nov 2017558.1404.9
Oct 2017557.5406.0
Sep 2017556.6405.7
Aug 2017548.4407.2
Jul 2017547.9405.4
Jun 2017542.2400.2
May 2017536.9396.8
Apr 2017528.8394.4
Mar 2017523.2388.3
Feb 2017518.0389.1
Jan 2017516.4388.3
Dec 2016513.6388.7
Nov 2016513.8388.0
Oct 2016514.0386.2
Sep 2016514.4387.5
Aug 2016510.7388.1
Jul 2016502.9388.1
Jun 2016494.1384.0
May 2016488.0380.4
Apr 2016479.8376.0
Mar 2016480.3374.6
Feb 2016472.8370.8
Jan 2016468.6370.6
Dec 2015458.2369.6
Nov 2015452.2368.4
Oct 2015444.3365.6
Sep 2015439.6365.1
Aug 2015432.0364.3
Jul 2015423.9361.0
Jun 2015415.4355.0
May 2015408.5352.3
Apr 2015401.2348.5
Mar 2015387.8345.5
Feb 2015388.1344.2
Jan 2015386.1343.9
Dec 2014390.2345.7
Nov 2014382.0344.9
Oct 2014385.0346.1
Sep 2014382.0346.6
Aug 2014380.5346.2
Jul 2014372.3342.2
Jun 2014369.1337.5
May 2014364.5334.6
Apr 2014359.4331.1
Mar 2014353.4323.9
Feb 2014352.9322.7
Jan 2014350.1321.4
Dec 2013347.6321.0
Nov 2013344.8318.1
Oct 2013347.0316.4
Sep 2013345.9317.7
Aug 2013342.6317.4
Jul 2013338.2314.9
Jun 2013340.4311.4
May 2013337.3308.9
Apr 2013337.0307.3
Mar 2013335.8304.3
Feb 2013337.9302.5
Jan 2013338.0302.5
Dec 2012336.0304.6
Nov 2012337.5305.3
Oct 2012333.0305.0
Sep 2012334.7307.2
Aug 2012335.0308.3
Jul 2012337.8307.9
Jun 2012331.2306.7
May 2012330.1303.8
Apr 2012330.7302.8
Mar 2012334.8299.3
Feb 2012335.8298.5
Jan 2012337.5299.3
Dec 2011334.6301.3
Nov 2011328.6302.6
Oct 2011325.6302.5
Sep 2011328.5305.8
Aug 2011334.0306.6
Jul 2011333.7306.4
Jun 2011328.5302.6
May 2011321.4302.1
Apr 2011317.9303.4
Mar 2011318.1298.8
Feb 2011322.6300.2
Jan 2011328.1301.8
Dec 2010331.8304.3
Nov 2010333.8304.9
Oct 2010333.5308.5
Sep 2010336.2312.0
Aug 2010338.4312.8
Jul 2010339.4312.8
Jun 2010339.2309.7
May 2010336.8308.2
Apr 2010333.5306.7
Mar 2010330.8302.8
Feb 2010329.7302.8
Jan 2010333.0302.1
Dec 2009331.6303.2
Nov 2009330.4301.2
Oct 2009322.6300.2
Sep 2009318.7298.2
Aug 2009311.7295.9
Jul 2009309.5293.0
Jun 2009305.0287.8
May 2009294.3285.0
Apr 2009297.5281.1
Mar 2009301.4278.6
Feb 2009310.0280.3
Jan 2009312.1283.6
Dec 2008317.0290.3
Nov 2008332.2294.8
Oct 2008342.3303.4
Sep 2008357.6309.6
Aug 2008365.1317.6
Jul 2008371.0324.4
Jun 2008369.9328.0
May 2008372.0332.4
Apr 2008372.3330.4
Mar 2008376.0329.8
Feb 2008378.9332.2
Jan 2008381.1335.1
Dec 2007379.8341.3
Nov 2007380.4341.8
Oct 2007382.1342.0
Sep 2007380.6342.8
Aug 2007373.0342.3
Jul 2007368.7340.4
Jun 2007369.1336.1
May 2007366.8332.5
Apr 2007363.3328.7
Mar 2007357.0322.2
Feb 2007354.5319.8
Jan 2007351.2318.8
Dec 2006351.0319.0
Nov 2006350.3315.0
Oct 2006348.4313.4
Sep 2006345.4311.6
Aug 2006339.4310.3
Jul 2006337.0307.7
Jun 2006334.0303.4
May 2006333.1300.5
Apr 2006329.7297.7
Mar 2006325.1291.4
Feb 2006326.2289.0
Jan 2006325.9288.6
Dec 2005326.5289.0
Nov 2005326.9287.4
Oct 2005329.2286.6
Sep 2005331.8287.1
Aug 2005329.7287.6
Jul 2005328.1286.4
Jun 2005324.3282.8
May 2005325.5280.6
Apr 2005323.2277.6
Mar 2005325.7273.7
Feb 2005323.7271.5
Jan 2005321.6271.7
Dec 2004321.2271.9
Nov 2004321.9273.9
Oct 2004325.9274.3
Sep 2004323.9272.3
Aug 2004319.8272.8
Jul 2004314.0269.7
Jun 2004310.4264.1
May 2004307.0259.5
Apr 2004304.9256.4
Mar 2004298.7245.3
Feb 2004295.6244.7
Jan 2004292.1247.1
Dec 2003290.3245.6
Nov 2003287.9240.9
Oct 2003287.8243.6
Sep 2003288.7239.4
Aug 2003289.2240.2
Jul 2003287.1236.0
Jun 2003283.8231.9
May 2003281.2231.4
Apr 2003275.3233.0
Mar 2003271.9227.6
Feb 2003266.3222.8
Jan 2003264.2225.2
Dec 2002259.3226.8
Nov 2002254.5219.5
Oct 2002246.1217.3
Sep 2002237.4215.7
Aug 2002230.3210.6
Jul 2002221.0206.0
Jun 2002214.8204.4
May 2002206.5196.4
Apr 2002203.4191.4
Mar 2002199.0188.9
Feb 2002198.0182.5
Jan 2002197.0176.1
Dec 2001195.9176.7
Nov 2001193.2176.7
Oct 2001189.6176.7
Sep 2001188.2180.3
Aug 2001184.7180.3
Jul 2001184.7180.3
Jun 2001182.2174.1
May 2001179.3174.1
Apr 2001175.4174.1
Mar 2001172.3168.0
Feb 2001173.8168.0
Jan 2001172.5168.0
Dec 2000172.3168.9
Nov 2000168.8168.9
Oct 2000168.0168.9
Sep 2000165.7164.0
Aug 2000166.2164.0
Jul 2000164.7164.0
Jun 2000161.3161.0
May 2000157.2161.0
Apr 2000151.1161.0
Mar 2000149.2152.6
Feb 2000146.2152.6
Jan 2000145.3152.6
Dec 1999142.5148.8
Nov 1999140.1148.8
Oct 1999137.5148.8
Sep 1999135.2145.1
Aug 1999131.9145.1
Jul 1999129.7145.1
Jun 1999128.0137.1
May 1999126.5137.1
Apr 1999127.2137.1
Mar 1999126.4131.5
Feb 1999126.4131.5
Jan 1999122.9131.5
Dec 1998120.3130.7
Nov 1998118.4130.7
Oct 1998119.0130.7
Sep 1998119.8131.3
Aug 1998119.1131.3
Jul 1998117.3131.3
Jun 1998115.0125.8
May 1998114.0125.8
Apr 1998112.8125.8
Mar 1998112.1119.5
Feb 1998111.6119.5
Jan 1998111.7119.5
Dec 1997112.1116.5
Nov 1997111.2116.5
Oct 1997110.2116.5
Sep 1997108.8117.4
Aug 1997108.5117.4
Jul 1997108.4117.4
Jun 1997107.6111.7
May 1997104.7111.7
Apr 1997102.2111.7
Mar 199799.5109.5
Feb 199798.0109.5
Jan 199796.3109.5
Dec 199696.8108.0
Nov 199697.3108.0
Oct 199698.0108.0
Sep 199697.1106.2
Aug 199696.7106.2
Jul 199696.7106.2
Jun 199695.7102.2
May 199692.8102.2
Apr 199693.4102.2
Mar 199693.8102.1
Feb 199696.7102.1
Jan 199696.0102.1
Dec 199597.0100.6
Nov 199597.9100.6
Oct 199597.8100.6
Sep 199598.4102.0
Aug 199597.9102.0
Jul 199597.9102.0
Jun 199597.8101.1
May 199597.5101.1
Apr 199597.5101.1
Mar 199598.1100.0
Feb 199598.7100.0
Jan 1995100.0100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
January 1995May 1996−7.2%1611
October 2007May 2009−23.0%1965
November 2017August 2020−6.8%3310
October 2022July 2024−6.6%21Not yet

The UK House Price Index goes back to 1968 for the UK, its nations and England's regions, to 1995 for councils in England and Wales, to 2004 in Scotland and to 2005 in Northern Ireland, where it is quarterly. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for Luton

Sale prices have an 80% chance of landing between £277,628 and £315,680 by August 2027.

Expected, August 2027
£296,654
Chance of a rise
77%

At the average sale price, a home costs £285,800. With 10% down and a 30-year mortgage, the payment is £1,319 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.

Payment, two incomes
23%
Payment, one income
46%

Renting the average home costs less each month than owning it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.

Rent per month
£1,231
Owning per month
£1,346

52.5% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
400
Per 1,000 residents
1.7

Figures for United Kingdom: Luton has no reliable figures of its own.

Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.

Bought by buyers abroad, 12 months
1.8%

In 2025 the population fell by 1,677 while 50 homes were finished.

Homes finished, 2025
50
Population change, 2025
−1,677

3.7% of the 81,956 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
3.7%
Empty homes
3,015

In 2025, 11% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
11%