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House prices in London
Official UK HPI · to May 2026
London has bucked the wider UK trend over the past year, with average prices slipping -3.7% to £544,814. The fall is most pronounced in flat property (£422,576), while detached homes hold up better at £1,138,974.
That's 101% above the UK average of £271,295.
London house price trend
“Real” adjusts every figure for inflation (ONS CPI) into today’s prices.
2091 monthly data points · source: UK House Price Index.
Prices by property type
- Detached £1,138,974 ▼ -2.3%
- Semi-detached £716,038 ▲ +0.4%
- Terraced £631,396 ▼ -0.6%
- Flat £422,576 ▼ -6.6%
Recent sales
| Date | Address | Price |
|---|---|---|
| Apr 2026 | ISLAND HOUSE THREE MILL LANE, E3 3AF | £150,000 |
| Apr 2026 | 1159 NEWHAM WAY, E6 5JJ | £450,000 |
| Apr 2026 | 15 CELESTIAL GARDENS, SE13 5RP | £200,000 |
| Apr 2026 | 175 MERTON ROAD, SW19 1EE | £325,000 |
| Apr 2026 | EPPING COURT HIGHWOOD CLOSE, SE22 8NJ | £275,000 |
| Apr 2026 | 1 GAUMONT PLACE, SW2 4FX | £500,000 |
| Apr 2026 | 1 SPRINGDALE ROAD, N16 9NS | £859,649 |
| Apr 2026 | 14B GRANGE ROAD, NW10 2QU | £381,000 |
| Apr 2026 | 137A MOUNT PLEASANT ROAD, SE13 6HX | £380,000 |
| Apr 2026 | GRAHAM COURT, 7 MYERS LANE, SE14 5RX | £195,000 |
Affordability
A typical home in London costs 11.3× local annual earnings (ONS, latest year). See how London ranks nationally →
Frequently asked questions
- What's the average house price in London?
- The average house price in London is £544,814, based on the UK House Price Index (Land Registry + ONS) to May 2026.
- How have house prices in London changed over the last year?
- Average house prices in London have fallen -3.7% over the last 12 months.
- How much does a house cost in London by property type?
- Latest average prices in London:
- detached homes: £1,138,974
- semi-detached homes: £716,038
- terraced homes: £631,396
- flats: £422,576
- Is London affordable compared with local earnings?
- A typical home in London costs 11.3× local annual earnings, per ONS workplace-based earnings data. See how London ranks nationally.
- Is London an expensive place to buy a home?
- The average home in London costs £544,814 — 101% more than the UK average of £271,295.
- How much does a house survey cost in London?
- Surveyors price by property value, size and age. For a home around London's average of £544,814, expect roughly £600–£850 for a RICS Level 2 (Homebuyer) survey, or £1,000–£1,500 for a Level 3 Building Survey on older or unusual property. Our 2026 guide to house survey costs explains what each level covers.
- How much does it cost to sell a house in London?
- On a typical London sale at £544,814, high-street estate-agent commission (1.0–1.5% + VAT) comes to roughly £6,500–£9,800, with sale-side conveyancing adding £900–£1,800. Fixed-fee online agents (£999–£1,999) can cut that sharply. Our cost of selling guide itemises every fee — and how to negotiate the commission.
- How much does it cost to move home in London?
- Moving home in London typically involves conveyancing (~£900–£1,800 inc. VAT and searches), a survey if you're buying (~£400–£1,300 depending on level), and removals (~£400–£1,200 for a 2–3 bedroom move). See our full cost-of-moving-home guide for every line in the bill.
Compiled by Home Price Hub from official HM Land Registry and ONS open data, updated monthly — figures to , the latest UK House Price Index release. See how we source and calculate these figures.