Greater London

House prices in London

The UK's most expensive market — and the most fragmented. Prime central postcodes (SW1, W1, W8) sit above £1.5m while outer-zone family postcodes (SE9, E18) trade closer to the national average.

Last updated April 2026·HM Land Registry & ONS

Avg price
£517k
YoY change
-2.5%
Days
78

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Victorian and Georgian terraced houses on a leafy London street — illustrative of housing stock around London (E, EC, N, NW, SE, SW, W, WC)
London terraces — period stock, leafy streets

London sellers — start here

London is the UK's deepest and most segmented market. Demand splits sharply by zone: prime central postcodes (SW1, W1, W8) attract international cash buyers, while outer-zone family postcodes (SE9, E18, NW9) are dominated by domestic upsizers and are far more rate-sensitive. Crossrail and Overground extensions continue to lift previously overlooked postcodes.

Most London sellers do exactly two things wrong. They instruct the agent who quotes the highest valuation, and they price-test the market for a month before cutting. Both are expensive mistakes. The agents who genuinely outperform in E, EC, N, NW, SE, SW, W, WC price slightly under the optimistic crowd, generate competitive viewings in the first 14 days, and use that demand to push the final agreed price up.

Our role is small and clear: free, ranked introductions to the three top-performing agents on your street — based on real sold data, not who pays the highest referral fee.

market at a glance

Snapshot of the London housing stock and what selling typically looks like right now.

Price trend (indexed)

London average house price, indexed

£498k£514k£530k202120222023202420252026£517k

Indexed series — derived by applying ONS UK House Price Index regional growth rates to London's current average sold price. Source: ONS UK HPI; current average from HM Land Registry Price Paid data. This is a regional trend rebased to London, not a city-specific sold-price series. Read the methodology.

Property mix

  • Detached4%
  • Semi-detached17%
  • Terraced30%
  • Flats / maisonettes49%

Source: ONS Census 2021 dwelling stock aggregated to Greater London. Postcode-level mix varies.

Typical selling timeline

78days

Listing to sold-subject-to-contract in London, then a further 12–16 weeks to legal completion. Source: Rightmove House Price Index.

Stamp duty on the average home

£15,850

SDLT on a £517k main residence in England. First-time buyers and additional-property buyers pay different rates.

London compared to nearby Greater London markets

How London stacks up against the closest Greater London cities by average price and recent year-on-year movement.

London selling FAQs

Common questions from London sellers — answers cite HM Land Registry, ONS HPI and HMRC SDLT bands.

What is the average house price in London?+

The average sold price in London is around £517k, based on the latest HM Land Registry Price Paid data and ONS House Price Index. Year-on-year prices are down 2.5% across the E, EC, N, NW, SE, SW, W, WC postcode area.

How long does it take to sell a house in London?+

Homes in London typically take around 78 days from listing to sold-subject-to-contract, with a further 12–16 weeks to legal completion. Well-priced homes in central postcodes usually move faster; unusual or chain-heavy sales can take longer.

What stamp duty would I pay on an average London home?+

On the London average price of £517k, stamp duty (SDLT) for a main residence in England would be around £15,850. First-time buyers and additional-property buyers pay different rates — see HMRC's SDLT calculator for your exact position.

Which estate agents are best in London?+

The "best" agent depends on your street, property type and price band — not on brand size. We rank London agents by their actual sale-price-vs-asking-price ratio, average time on market, and how many homes they've sold in the E, EC, N, NW, SE, SW, W, WC postcode area in the last 12 months. Submit your details above and we'll introduce 2–3 top performers within a working day.

Is the FindYourAgent service free for London sellers?+

Yes — entirely free for sellers. Our partner GetAgent earns a referral fee from the estate agent you eventually instruct. The agent you choose charges their normal commission, not a penny more for using us. There is no obligation to instruct any agent we introduce.

Methodology sources: HM Land Registry UK HPI · ONS House Price Index · HMRC SDLT. Page last updated April 2026. See full methodology.