In short
In July 2026, the average price of a home in London was £550,037, -3.3% over twelve months (87% above the England average). At that price, a home mover pays £17,502 in Stamp Duty Land Tax, plus £295 of HM Land Registry fee.
The questions, answered
What is the average house price in London?
The average price of a home in London was £550,037 in July 2026, -3.3% over twelve months (UK House Price Index).
How much does a flat or a house cost in London?
In July 2026, the average price in London was £1,167,718 for a detached house, £724,106 for a semi-detached house, £642,452 for a terraced house, £424,013 for a flat (UK House Price Index).
What do first-time buyers pay in London?
First-time buyers paid £466,851 on average in London in July 2026, against £550,037 for all buyers (UK House Price Index).
Have house prices gone up in London?
The average price in London went from £509,080 in July 2016 to £550,037 in July 2026, a change of +8%; -3.3% over the last twelve months (UK House Price Index).
How much Stamp Duty Land Tax on an average-priced home in London?
On £550,037, Stamp Duty Land Tax (SDLT) comes to £17,502 for a home mover, £17,502 for a first-time buyer and £45,004 for an additional property, at the rates in force in England.
How many homes sell in London?
73,854 sales in London were registered from May 2025 to April 2026, the latest twelve months with complete volumes (UK House Price Index).
Prices by property type, July 2026
| Type | Average price | England |
|---|---|---|
| Detached | £1,167,718 | £474,626 |
| Semi-detached | £724,106 | £292,024 |
| Terraced | £642,452 | £247,081 |
| Flat or maisonette | £424,013 | £217,362 |
| All types | £550,037 | £293,479 |
| First-time buyers | £466,851 | £245,515 |
The UK HPI is a mix-adjusted average (a hedonic model), not the price of the homes sold in the month. Northern Ireland figures are quarterly.
The trend, July of each year
| Year | Average price | Change on the year before |
|---|---|---|
| 2016 | £509,080 | — |
| 2017 | £522,994 | +2.7% |
| 2018 | £518,923 | -0.8% |
| 2019 | £512,265 | -1.3% |
| 2020 | £517,966 | +1.1% |
| 2021 | £529,788 | +2.3% |
| 2022 | £575,261 | +8.6% |
| 2023 | £559,703 | -2.7% |
| 2024 | £557,831 | -0.3% |
| 2025 | £568,795 | +2% |
| 2026 | £550,037 | -3.3% |
Sources
- Prices and sales: UK House Price Index, file UK-HPI-full-file-2026-07.csv. Contains HM Land Registry data © Crown copyright and database right 2020. This data is licensed under the Open Government Licence v3.0.
- Purchase tax: rates and sources of the calculator (HMRC).