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London
£554,430 for a typical home: what buyers actually paid, from the official sales records (UK House Price Index)
Anyone may buy a home anywhere in the UK. Each nation has its own purchase tax and land registry: England and Northern Ireland (Stamp Duty Land Tax; HM Land Registry and Land & Property Services), Scotland (Land and Buildings Transaction Tax; Registers of Scotland) and Wales (Land Transaction Tax; HM Land Registry).
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What do homes sell for in London?
£554,430
for a typical home · what buyers actually paid, from the official sales records (UK House Price Index)
The average price paid for a home in Greater London in August 2026, 2.2% lower than a year earlier
What does a home rent for in London?
£2,338
a month · rents actually charged, from the official rent records (ONS Price Index of Private Rents)
The average private rent in Greater London in September 2026, 3.5% higher than a year earlier
A flat averaged £427,310 (down 5.0% in a year), a terraced house £648,650, a semi-detached £730,580 and a detached house £1,164,439. First-time buyers paid £473,051 on average. Inner London averaged £624,824 and Outer London £510,931.
What this meansA typical London home sold for £554,430 in August 2026, 2.2% less than a year earlier, and a typical flat for £427,310, 5.0% less. Rents went the other way: £2,338 a month, 3.5% more.
Understand · how london is selling
How busy is buying in London?
What this means13,898 homes sold in London from April to June 2026, against 14,385 a year earlier. Fewer sales and lower prices give a buyer room to ask; first-time buyers paid £473,051 on a typical home.
Choose · boroughs, by what buyers paid
What do homes cost, borough by borough?
The average price paid for a home in August 2026 in the 15 boroughs with most sales from April to June 2026, for a typical home: what buyers actually paid, from the official sales records (UK House Price Index). Ordered by how many homes sold, busiest first. The dearest boroughs, Kensington and Chelsea (£1,204,072) and Westminster (£887,206), sell fewer homes and fell 13.8% and 14.3% in a year.
Understand · coming up
What is being built around London?
What this meansHS2's Old Oak Common station will join the Elizabeth line as its 42nd stop, but HS2 trains are now expected between 2036 and 2039. Judge a home on today's links; the Elizabeth line itself gains 10 trains by the end of 2026.
Check · before you pay
How do I check the home, the title and the seller?
Anyone may buy; the checks are on the home, the title and your money.
- Buy the title register (£7) at GOV.UK Search for land and property information: it shows who owns the home, what it last sold for, and whether it is freehold or leasehold. Most flats are leasehold: a lease for a fixed number of years, after which the home goes back to the landlord.
- For a leasehold flat, ask for the years left on the lease, the service charge accounts and the ground rent before you offer; most new leases since 30 June 2022 charge no ground rent in money.
- In a block above 11 metres or five storeys in England, ask for the building's fire-safety status: qualifying leaseholders pay nothing for cladding and a capped share for other defects (nil where the flat was worth under £325,000 in Greater London). The protection was fixed on 14 February 2022 and passes to you when you buy.
HM Land Registry0300 006 0411 (Welsh 0300 006 0422), Monday to Friday 8am to 4.30pm
What this meansBuy the title (£7) before you offer. For a flat, ask for the lease length, the service charge accounts and, in a block over 11 metres, the building's fire-safety papers; a short let is capped at 90 nights a year.
Buy · in London
What will buying cost on top of the price?
- Stamp Duty Land Tax, your first and only home, living in the UKYou, through your conveyancer, within 14 days of completion
- 0% up to £125,000, 2% to £250,000, 5% to £925,000, 10% to £1.5 million, 12% above: £17,722 on £554,430. A first-time buyer pays nothing up to £300,000 and 5% to £500,000 (no relief above £500,000).
- Living abroad: 2% more on the whole priceYou; it comes on top of every other rate
- If you were in the UK fewer than 183 days in the 12 months before buying: £11,089 more, so £28,810 in all. It is refunded if you then spend 183 days in the UK within a year.
- You own another home anywhere in the world: 5% more on the whole priceYou
- Rates of 5%, 7%, 10%, 15% and 17% instead: £27,722 more, so £45,443 living in the UK or £56,532 living abroad. Counts any home worth £40,000 or more, here or abroad.
- Entering you as owner at HM Land RegistryPaid by your conveyancer with the application
- Scale 1 fee on the price: £295 through the portal or £655 by post for £554,430 (£20 to £500 through the portal, £45 to £1,105 by post).
- Title register and planYou or your conveyancer
- £7 each online; an official copy by post £11. The property summary is free.
- Solicitor or conveyancerYou
- No official scale; set by the firm's written quote.
- SurveyYou
- No official scale; priced by the surveyor you choose.
Checked 8 November 2026 against HMRC, Revenue Scotland, the Welsh Revenue Authority and the land registries. The Autumn Budget of 28 October 2026 left the purchase taxes unchanged; these lines are read again at the Spring Statement 2027 and on 6 April 2027.
What this meansStamp Duty Land Tax is charged in slices: nothing up to £125,000, then 2%, 5%, 10% and 12%. Living abroad adds 2% of the whole price; owning another home anywhere adds 5%. Both can apply at once.
Check, then buy · your papers
Which papers do I need, and from whom?
What to get, in order, and who gives it to you.
What this meansAppoint a solicitor or licensed conveyancer first: nothing in UK law stops you buying, but only they check the title, file the tax return and enter your name. Expect passport, address and source-of-money checks.
Own · owning in london
What comes after I buy in London?
What this meansA furnished second home in London can be charged twice the normal council tax, and from 1 April 2028 a home worth £2 million or more carries a yearly charge of £2,500 to £7,500 on top.
Where these figures come from +
- HM Land Registry, UK House Price Index
- Office for National Statistics, Price Index of Private Rents
- HMRC
- HM Land Registry
- HS2 Ltd
- NITARYA ownership guide for the United Kingdom
- Papers and steps: NITARYA ownership guide for the United Kingdom; HMRC; HM Land Registry; Registers of Scotland; Land & Property Services, checked 8 November 2026