Average price
£726,633
August 2026
12 months
−14.6%
August 2025 to August 2026
Last month
+0.6%
July to August 2026
Sales registered
11
June 2026, the latest month published
England average
£293,525
August 2026
HM Land Registry's average price for the City of London was £726,633 in August 2026, down 14.6% on the year. That is about 148% above the England average of £292,694 over June to August 2026, the three months it covers. 11 sales in the City of London have been registered so far for June 2026, the most recent month HM Land Registry have published a count for.
HM Land Registry's average price for the City of London from the UK House Price Index, broken down by property type, buyer status, funding status and property status.
Price trend
Over the 12 months to August 2026, the average price in the City of London fell 14.6%, peaking at £850,704 in August 2025.
Peak £850,704 in August 2025.
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By property type
| Property type | Average price | Annual change |
|---|---|---|
| £726,060 | −14.6% |
Month by month
| Month | Average price | Monthly change | Annual change | Sales |
|---|---|---|---|---|
| £726,633 | +0.6% | −14.6% | – | |
| £722,345 | −5.2% | −16.1% | – | |
| £761,854 | +6.1% | −14.9% | 11 | |
| £718,221 | −2.2% | −17.6% | 6 | |
| £734,534 | +7.0% | −10.2% | 6 | |
| £686,200 | −0.9% | −8% | 9 | |
| £692,380 | −3.0% | −11.9% | 10 | |
| £714,100 | −3.2% | −12.5% | 8 | |
| £737,347 | 0.0% | −7.5% | 11 | |
| £737,073 | −3.8% | Broadly flat | 17 | |
| £766,265 | −4.5% | +3.3% | 6 | |
| £802,130 | −5.7% | +2.9% | 13 | |
| £850,704 | −1.1% | +9% | 13 |
By buyer status
The average price for first-time buyers in the City of London was £28,696 below that for former owner-occupiers, a gap of 4%.
| Buyer | Average price | Annual change |
|---|---|---|
| £717,122 | −14.4% | |
| £745,818 | −14.5% |
By funding status
The average price for cash buyers in the City of London was 2% below that for mortgage buyers. Cash accounted for 75% of the cash and mortgage sales registered so far for June 2026.
| Paid with | Average price | Annual change | Sales |
|---|---|---|---|
| £718,684 | −14.9% | 6 | |
| £734,066 | −14.3% | 2 |
By property status
The average price for new builds in the City of London was 55% above that for existing homes.
| Property status | Average price | Annual change |
|---|---|---|
| £1,177,477 | −12.9% | |
| £761,148 | −15.4% |
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For a local authority the index is a three-month average (June to August 2026), and the annual change compares it with June to August 2025. The average price is the index's standardised average, a mix-adjusted geometric mean, not the mean or median of sales, so it will not match a list of sold prices. HM Land Registry revise the most recent twelve months as more sales are registered, so recent figures are provisional.