local authority Land Registry UK HPI

City of London house prices

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
£626,980
Annual change
-28.1%
Homes sold, March 2026
4
England average
£292,095

The average property in City of London sold for £626,980 in May 2026, down 28.1% on the year. That is about 115% above the England average of £292,095. 4 homes sold in City of London in March 2026, the most recent month HM Land Registry have published transaction counts for.

Price trend

Over the 12 months to May 2026, the average price in City of London fell 30%, peaking at £895,076 in June 2025.

£895,076 £612,162
June 2025May 2026

Peak £895,076 in June 2025.

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By property type

Average sold price by property type, May 2026.
Property typeAverage priceAnnual change
Flat or maisonette£626,803-28.1%

By buyer status

First-time buyers in City of London paid £25,897 less than people who already owned, a gap of 4%.

Average sold price by buyer status, May 2026.
BuyerAverage priceAnnual change
First-time buyer£618,680-28.3%
Former owner-occupier£644,577-27.2%

By funding status

Cash buyers in City of London paid 2% less than those with a mortgage. Cash accounted for 50% of the sales counted in February 2026.

Average sold price by funding status, May 2026. Sales volumes are for February 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£620,843-27.9%2
Mortgage£632,506-28.2%2

By property status

New builds in City of London sold for 55% more than existing homes.

Average sold price by property status, March 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£953,495-17.3%
Existing property£615,809-16.9%

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
May 2026£626,980-28.1%n/a
April 2026£626,273-23.4%n/a
March 2026£612,162-17.9%4
February 2026£674,159-14.2%7
January 2026£716,512-12.2%8
December 2025£743,556-6.8%11
November 2025£706,516-4%15
October 2025£730,561-1.5%6
September 2025£764,324-2%10
August 2025£848,549+8.7%13
July 2025£859,513+7.8%14
June 2025£895,076+6.3%10
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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.