Average price
£554,430
August 2026
12 months
−2.2%
August 2025 to August 2026
Last month
+0.7%
July to August 2026
Sales registered
4,309
June 2026, the latest month published
England average
£293,525
August 2026
HM Land Registry's average price for London was £554,430 in August 2026, down 2.2% on the year. That is about 89% above the England average of £293,525. 4,309 sales in 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 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 London fell 2.2%, peaking at £567,115 in August 2025.
Peak £567,115 in August 2025.
Sign in to compare London against up to 3 other areas on this chart. Free account, no credits used.
By property type
Detached homes are the most expensive in London at £1,164,439, 173% above flat or maisonette at £427,310. Flat or maisonette is the only type where prices fell over the year, down 5%.
| Property type | Average price | Annual change |
|---|---|---|
| £1,164,439 | +1.8% | |
| £730,580 | +1.8% | |
| £648,650 | Broadly flat | |
| £427,310 | −5% |
Month by month
| Month | Average price | Monthly change | Annual change | Sales |
|---|---|---|---|---|
| £554,430 | +0.7% | −2.2% | – | |
| £550,340 | −0.2% | −3.2% | – | |
| £551,440 | +0.3% | −2.9% | 4,309 | |
| £549,535 | −0.9% | −2.8% | 4,595 | |
| £554,363 | +1.5% | −1.8% | 4,994 | |
| £546,111 | −0.1% | −1.4% | 5,756 | |
| £546,681 | −1.3% | −2.6% | 5,019 | |
| £553,643 | +0.7% | −1.8% | 5,121 | |
| £550,040 | −1.9% | −1.2% | 6,229 | |
| £560,709 | +0.6% | Broadly flat | 6,960 | |
| £557,572 | −1.4% | −0.6% | 8,039 | |
| £565,498 | −0.3% | Broadly flat | 7,425 | |
| £567,115 | −0.3% | Broadly flat | 7,764 |
By buyer status
The average price for first-time buyers in London was £222,711 below that for former owner-occupiers, a gap of 47%.
| Buyer | Average price | Annual change |
|---|---|---|
| £473,051 | −2.4% | |
| £695,762 | −1.8% |
By funding status
The average price for cash buyers in London was 6% above that for mortgage buyers. Cash accounted for 19% of the cash and mortgage sales registered so far for June 2026.
| Paid with | Average price | Annual change | Sales |
|---|---|---|---|
| £583,137 | −3.9% | 440 | |
| £548,866 | −1.8% | 1,840 |
By property status
The average price for new builds in London was 14% below that for existing homes.
| Property status | Average price | Annual change |
|---|---|---|
| £475,340 | −6.5% | |
| £554,928 | −2.8% |
Track London prices against your own property
Index a property's last sold price forward to today using this area's own HPI series.
Areas within and around London
Part of England house prices.
Regions with similar prices
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.