local authority Land Registry UK HPI

City of London house prices, July 2026

Average sold prices for City of London, broken down by property type, buyer status, funding status and property status, from HM Land Registry's UK House Price Index.

Average price
£710,652
Annual change
-17.4%
Homes sold, May 2026
6
England average
£293,479

The average property in City of London sold for £710,652 in July 2026, down 17.4% on the year. That is about 142% above the England average of £293,479. 6 homes sold in City of London in May 2026, the most recent month HM Land Registry have published transaction counts for.

Price trend

Over the 12 months to July 2026, the average price in City of London fell 16%, peaking at £850,641 in August 2025.

£850,641 £664,516
August 2025July 2026

Peak £850,641 in August 2025.

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By property type

Average sold price by property type, July 2026.
Property typeAverage priceAnnual change
Flat or maisonette£709,939-17.5%

By buyer status

First-time buyers in City of London paid £27,842 less than people who already owned, a gap of 4%.

Average sold price by buyer status, July 2026.
BuyerAverage priceAnnual change
First-time buyer£702,242-17.2%
Former owner-occupier£730,084-17.1%

By funding status

Cash buyers in City of London paid 2% less than those with a mortgage. Cash accounted for 75% of the sales counted in May 2026.

Average sold price by funding status, July 2026. Sales volumes are for May 2026, the most recent month published. Cash and mortgage sales are counted separately and do not necessarily add up to the total above.
Paid withAverage priceAnnual changeSales
Cash£704,311-17.5%3
Mortgage£716,555-17.3%1

By property status

New builds in City of London sold for 56% more than existing homes.

Average sold price by property status, May 2026. Sales volumes are not shown for new builds: they are registered months after completion, so recent counts are incomplete rather than low.
Property statusAverage priceAnnual change
New build£1,038,978-22.1%
Existing property£666,480-23.5%

Month by month

Average sold price and annual change over the last 12 published months. Sales volumes stop two months short because HM Land Registry withhold the most recent counts until more transactions are registered.
MonthAverage priceAnnual changeSales
July 2026£710,652-17.4%n/a
June 2026£698,801-22%n/a
May 2026£664,516-23.8%6
April 2026£681,034-16.7%4
March 2026£682,379-8.5%9
February 2026£689,259-12.3%10
January 2026£711,681-12.8%8
December 2025£735,805-7.7%11
November 2025£736,029Broadly flat17
October 2025£765,275+3.2%6
September 2025£801,459+2.8%13
August 2025£850,641+9%13
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Figures for a local authority are a three-month average rather than a single month's transactions. HM Land Registry revise the most recent twelve months as more sales are registered, so recent figures are provisional.