London house prices fell 2.5% in the year to June, with flats down furthest
The latest official figures put London's average price at £553,870. Outer east London rose while inner London fell, and flats did worse than houses.
Written with AI from official figures, and checked number by number against the source data. How we make these articles
−2.5% change in London's average house price in the year to June 2026
London’s average house price was £553,870 in June 2026, according to the UK House Price Index. That is 2.5% lower than a year earlier, when it stood at £568,050. Month to month the figures bounce around: prices actually rose 1% between May and June.
Flats fell further than houses
The average London flat fell 4.7% over the year, to £431,036. Terraced houses were almost unchanged, down 0.3% at £640,508.
Over ten years the gap is striking. The average flat cost £428,549 in June 2016 and £431,036 in June 2026, a rise of just 0.6%. Terraced houses rose 21.1% over the same decade, from £528,898 to £640,508.
Average prices from the UK House Price Index, which adjusts for the mix of homes sold each month. Source: HM Land Registry UK House Price Index.
Show the figures
| Period | Terraced houses | Flats |
|---|---|---|
| Jun 2026 | £640,508 | £431,036 |
| May 2026 | £634,906 | £425,991 |
| Apr 2026 | £636,677 | £429,638 |
| Mar 2026 | £634,853 | £421,794 |
| Feb 2026 | £630,147 | £424,861 |
| Jan 2026 | £642,811 | £431,377 |
| Dec 2025 | £634,056 | £428,379 |
| Nov 2025 | £643,656 | £435,885 |
| Oct 2025 | £637,498 | £437,203 |
| Sep 2025 | £646,602 | £447,353 |
| Aug 2025 | £649,548 | £449,521 |
| Jul 2025 | £644,302 | £454,322 |
| Jun 2025 | £642,486 | £452,466 |
| May 2025 | £635,069 | £452,428 |
| Apr 2025 | £632,982 | £450,701 |
| Mar 2025 | £624,529 | £444,391 |
| Feb 2025 | £634,342 | £447,868 |
| Jan 2025 | £637,810 | £449,606 |
| Dec 2024 | £627,192 | £446,546 |
| Nov 2024 | £628,742 | £449,157 |
| Oct 2024 | £627,946 | £450,756 |
| Sep 2024 | £637,408 | £453,901 |
| Aug 2024 | £636,941 | £457,091 |
| Jul 2024 | £628,695 | £447,128 |
| Jun 2024 | £618,622 | £452,934 |
| May 2024 | £614,656 | £450,513 |
| Apr 2024 | £608,973 | £444,870 |
| Mar 2024 | £606,355 | £446,831 |
| Feb 2024 | £608,497 | £442,297 |
| Jan 2024 | £612,914 | £446,441 |
| Dec 2023 | £609,446 | £445,438 |
| Nov 2023 | £607,555 | £443,076 |
| Oct 2023 | £615,130 | £451,271 |
| Sep 2023 | £631,829 | £457,504 |
| Aug 2023 | £627,335 | £450,401 |
| Jul 2023 | £626,335 | £449,451 |
| Jun 2023 | £617,007 | £451,136 |
| May 2023 | £610,746 | £453,179 |
| Apr 2023 | £615,552 | £451,930 |
| Mar 2023 | £608,053 | £452,865 |
| Feb 2023 | £623,137 | £456,791 |
| Jan 2023 | £632,120 | £461,366 |
| Dec 2022 | £636,298 | £461,725 |
| Nov 2022 | £641,610 | £463,480 |
| Oct 2022 | £640,019 | £462,931 |
| Sep 2022 | £644,506 | £468,325 |
| Aug 2022 | £646,971 | £470,873 |
| Jul 2022 | £639,419 | £467,596 |
| Jun 2022 | £631,836 | £466,965 |
| May 2022 | £611,999 | £450,631 |
| Apr 2022 | £610,671 | £454,612 |
| Mar 2022 | £602,636 | £451,643 |
| Feb 2022 | £599,827 | £455,139 |
| Jan 2022 | £603,709 | £452,858 |
| Dec 2021 | £599,668 | £451,268 |
| Nov 2021 | £593,226 | £453,822 |
| Oct 2021 | £587,385 | £444,620 |
| Sep 2021 | £594,208 | £447,568 |
| Aug 2021 | £592,354 | £454,212 |
| Jul 2021 | £564,200 | £448,420 |
| Jun 2021 | £591,954 | £447,070 |
| May 2021 | £567,691 | £435,476 |
| Apr 2021 | £568,226 | £436,460 |
| Mar 2021 | £577,649 | £450,063 |
| Feb 2021 | £569,633 | £439,619 |
| Jan 2021 | £575,732 | £442,097 |
| Dec 2020 | £583,008 | £436,892 |
| Nov 2020 | £581,284 | £438,632 |
| Oct 2020 | £571,831 | £431,367 |
| Sep 2020 | £575,246 | £440,934 |
| Aug 2020 | £570,321 | £437,230 |
| Jul 2020 | £559,085 | £435,364 |
| Jun 2020 | £558,429 | £430,062 |
| May 2020 | £544,391 | £426,483 |
| Apr 2020 | £549,921 | £427,955 |
| Mar 2020 | £553,011 | £436,597 |
| Feb 2020 | £548,511 | £426,206 |
| Jan 2020 | £545,159 | £431,945 |
| Dec 2019 | £549,860 | £433,845 |
| Nov 2019 | £541,731 | £420,646 |
| Oct 2019 | £541,848 | £426,466 |
| Sep 2019 | £545,433 | £433,785 |
| Aug 2019 | £547,559 | £424,976 |
| Jul 2019 | £545,967 | £435,393 |
| Jun 2019 | £537,685 | £425,915 |
| May 2019 | £532,387 | £419,432 |
| Apr 2019 | £535,945 | £426,945 |
| Mar 2019 | £528,621 | £421,945 |
| Feb 2019 | £530,381 | £422,821 |
| Jan 2019 | £534,159 | £426,121 |
| Dec 2018 | £536,587 | £430,393 |
| Nov 2018 | £541,148 | £429,846 |
| Oct 2018 | £545,702 | £436,160 |
| Sep 2018 | £543,199 | £432,155 |
| Aug 2018 | £545,228 | £436,242 |
| Jul 2018 | £552,250 | £440,004 |
| Jun 2018 | £543,874 | £436,755 |
| May 2018 | £544,098 | £435,602 |
| Apr 2018 | £539,640 | £435,849 |
| Mar 2018 | £533,040 | £431,941 |
| Feb 2018 | £535,523 | £439,190 |
| Jan 2018 | £536,730 | £441,502 |
| Dec 2017 | £535,721 | £437,511 |
| Nov 2017 | £534,243 | £437,397 |
| Oct 2017 | £540,448 | £442,072 |
| Sep 2017 | £542,970 | £444,743 |
| Aug 2017 | £548,281 | £448,184 |
| Jul 2017 | £546,675 | £450,908 |
| Jun 2017 | £537,017 | £443,819 |
| May 2017 | £533,732 | £446,007 |
| Apr 2017 | £534,019 | £444,379 |
| Mar 2017 | £531,090 | £438,548 |
| Feb 2017 | £527,996 | £443,047 |
| Jan 2017 | £533,553 | £437,425 |
| Dec 2016 | £528,923 | £435,457 |
| Nov 2016 | £526,032 | £434,133 |
| Oct 2016 | £527,800 | £432,964 |
| Sep 2016 | £532,404 | £432,378 |
| Aug 2016 | £534,258 | £431,010 |
| Jul 2016 | £539,737 | £433,809 |
| Jun 2016 | £528,898 | £428,549 |
Where prices rose and fell
Prices rose in 14 boroughs and fell in 19. The biggest rises were in outer east London: Barking and Dagenham up 4.3%, Havering up 3.9% and Redbridge up 3.6%. These are also among the more affordable parts of London. The average home in Barking and Dagenham cost £371,030.
The eight steepest falls were all in inner London. Westminster fell 25.4%, the City of London 20.4% and Kensington and Chelsea 14.7%. Central boroughs sell relatively few homes each month, and many of those are high-value flats, so their averages swing sharply. A fall of that size in a single year partly reflects which homes happened to sell, so treat the biggest central London moves with some caution.
All property types. Boroughs with fewer sales swing more from month to month. Source: HM Land Registry UK House Price Index.
Show the figures
| Borough | Annual change | Average price |
|---|---|---|
| Barking and Dagenham | +4.3% | £371,030 |
| Havering | +3.9% | £456,759 |
| Redbridge | +3.6% | £495,977 |
| Kingston upon Thames | +2.9% | £594,498 |
| Haringey | +2.5% | £634,444 |
| Waltham Forest | +2.5% | £522,743 |
| Southwark | +2.2% | £582,473 |
| Bexley | +1.2% | £405,477 |
| Hounslow | +1.1% | £512,888 |
| Lewisham | +0.6% | £491,259 |
| Merton | +0.5% | £612,681 |
| Hackney | +0.4% | £605,442 |
| Sutton | +0.4% | £446,775 |
| Enfield | +0.3% | £471,019 |
| Richmond upon Thames | −0.3% | £818,949 |
| Greenwich | −0.5% | £465,132 |
| Hillingdon | −0.6% | £474,665 |
| Newham | −0.7% | £403,032 |
| Bromley | −1.4% | £518,235 |
| Harrow | −1.4% | £524,160 |
| Croydon | −1.9% | £394,736 |
| Ealing | −2.7% | £575,814 |
| Barnet | −2.9% | £603,753 |
| Lambeth | −3.3% | £548,034 |
| Brent | −3.4% | £544,174 |
| Wandsworth | −5.2% | £680,105 |
| Camden | −7.1% | £833,067 |
| Islington | −8.1% | £673,384 |
| Tower Hamlets | −13.1% | £456,898 |
| Hammersmith and Fulham | −13.3% | £725,562 |
| Kensington and Chelsea | −14.7% | £1,250,149 |
| City of London | −20.4% | £712,958 |
| Westminster | −25.4% | £854,198 |
In north London
In Haringey, prices rose 2.5% to an average of £634,444. Enfield was up 0.3% at £471,019, and Hackney up 0.4% at £605,442. Barnet fell 2.9% to £603,753, while Camden fell 7.1% and Islington 8.1%.
What it means if you are selling
A falling average does not mean every home is worth less. Averages mix together very different streets and property types, and these figures cover whole boroughs. What matters for an individual sale is how comparable homes nearby have sold recently, and whether a buyer can get a mortgage on the property.
When prices are soft, buyers take longer and negotiate harder. Homes that need work, have short leases or have a history of problems tend to feel that most, because fewer buyers can take them on. If that sounds familiar, our page on properties lenders are wary of explains the options.
About these figures
The UK House Price Index is produced by HM Land Registry with the Office for National Statistics. It is based on completed sales registered with the Land Registry and adjusts for the mix of homes sold each month, so it is a fairer guide than a simple average of asking prices. June 2026 is the latest month available, and recent months are revised as more sales are registered.