region Land Registry UK HPI

London house prices, July 2026

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

Average price
£550,037
Annual change
-3.3%
Homes sold, May 2026
4,006
England average
£293,479

The average property in London sold for £550,037 in July 2026, down 3.3% on the year. That is about 87% above the England average of £293,479. 4,006 homes sold in 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 London fell 3%, peaking at £568,061 in August 2025.

£568,061 £546,113
August 2025July 2026

Peak £568,061 in August 2025.

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By property type

Detached homes are the most expensive in London at £1,167,718, 175% above flat or maisonette at £424,013. Flat or maisonette is the only type where prices fell over the year, down 6.6%.

Average sold price by property type, July 2026.
Property typeAverage priceAnnual change
Detached£1,167,718+1.2%
Semi-detached£724,106+1.1%
Terraced£642,452Broadly flat
Flat or maisonette£424,013-6.6%

By buyer status

First-time buyers in London paid £227,072 less than people who already owned, a gap of 49%.

Average sold price by buyer status, July 2026.
BuyerAverage priceAnnual change
First-time buyer£466,851-4%
Former owner-occupier£693,923-2.3%

By funding status

Cash buyers in London paid 8% more than those with a mortgage. Cash accounted for 19% 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£585,219-4.5%371
Mortgage£542,867-2.9%1,616

By property status

New builds in London sold for 7% less 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£509,334-1.2%
Existing property£549,723-3.2%

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£550,037-3.3%n/a
June 2026£550,607-3.1%n/a
May 2026£547,982-3.1%4,006
April 2026£552,567-2.1%4,164
March 2026£546,847-1.3%5,487
February 2026£546,113-2.7%4,950
January 2026£553,557-1.8%4,940
December 2025£548,608-1.5%5,674
November 2025£558,506Broadly flat6,510
October 2025£557,638-0.6%7,894
September 2025£566,242Broadly flat7,373
August 2025£568,061Broadly flat7,739
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HM Land Registry revise the most recent twelve months as more sales are registered, so recent figures are provisional.