London · report
House prices in London: the next 12 months
Sale prices have an 80% chance of landing between £538,087 and £595,801 by August 2027.
- Expected, August 2027
- £566,944
- Chance of a rise
- 71%
London: five years of prices and the expected path
Average sale price per home, £, monthly, with the next 12 months' expected path
- London
- England
- United Kingdom
- Expected path
- 80% range
Show the numbers
| Period | London | England | United Kingdom |
|---|---|---|---|
| Aug 2027 · Expected path | £566,944 (£538,087–£595,801) | £298,140 | £280,154 |
| Jul 2027 · Expected path | £565,901 (£538,678–£593,124) | £297,755 | £279,560 |
| Jun 2027 · Expected path | £564,858 (£539,294–£590,423) | £297,371 | £278,967 |
| May 2027 · Expected path | £563,816 (£539,941–£587,690) | £296,986 | £278,374 |
| Apr 2027 · Expected path | £562,773 (£540,625–£584,920) | £296,602 | £277,781 |
| Mar 2027 · Expected path | £561,730 (£541,357–£582,103) | £296,217 | £277,188 |
| Feb 2027 · Expected path | £560,687 (£542,149–£579,225) | £295,832 | £276,595 |
| Jan 2027 · Expected path | £559,644 (£543,023–£576,266) | £295,448 | £276,002 |
| Dec 2026 · Expected path | £558,601 (£544,009–£573,194) | £295,063 | £275,409 |
| Nov 2026 · Expected path | £557,559 (£545,163–£569,954) | £294,679 | £274,816 |
| Oct 2026 · Expected path | £556,516 (£546,596–£566,435) | £294,294 | £274,223 |
| Sep 2026 · Expected path | £555,473 (£548,604–£562,342) | £293,910 | £273,630 |
| Aug 2026 | £554,430 | £293,525 | £273,037 |
| Jul 2026 | £550,340 | £292,882 | £272,146 |
| Jun 2026 | £551,440 | £291,674 | £270,690 |
| May 2026 | £549,535 | £292,907 | £272,221 |
| Apr 2026 | £554,363 | £292,164 | £270,966 |
| Mar 2026 | £546,111 | £290,133 | £268,631 |
| Feb 2026 | £546,681 | £291,263 | £269,423 |
| Jan 2026 | £553,643 | £290,474 | £268,814 |
| Dec 2025 | £550,040 | £289,280 | £268,002 |
| Nov 2025 | £560,709 | £291,892 | £270,472 |
| Oct 2025 | £557,572 | £290,975 | £269,819 |
| Sep 2025 | £565,498 | £290,689 | £269,556 |
| Aug 2025 | £567,115 | £292,319 | £270,575 |
| Jul 2025 | £568,795 | £290,212 | £268,843 |
| Jun 2025 | £568,050 | £288,115 | £266,796 |
| May 2025 | £565,507 | £285,526 | £264,078 |
| Apr 2025 | £564,530 | £280,500 | £260,162 |
| Mar 2025 | £553,812 | £291,748 | £268,019 |
| Feb 2025 | £561,072 | £287,794 | £264,771 |
| Jan 2025 | £563,861 | £287,264 | £264,936 |
| Dec 2024 | £556,882 | £287,035 | £263,991 |
| Nov 2024 | £559,925 | £286,814 | £264,515 |
| Oct 2024 | £560,909 | £287,595 | £265,252 |
| Sep 2024 | £566,882 | £287,576 | £264,750 |
| Aug 2024 | £567,121 | £287,343 | £265,085 |
| Jul 2024 | £557,831 | £284,105 | £262,479 |
| Jun 2024 | £556,853 | £281,611 | £259,585 |
| May 2024 | £553,592 | £280,824 | £258,565 |
| Apr 2024 | £548,467 | £277,945 | £256,478 |
| Mar 2024 | £547,437 | £276,971 | £255,082 |
| Feb 2024 | £546,247 | £276,935 | £254,633 |
| Jan 2024 | £551,097 | £278,060 | £255,972 |
| Dec 2023 | £549,112 | £278,664 | £256,177 |
| Nov 2023 | £547,757 | £281,026 | £258,368 |
| Oct 2023 | £555,122 | £283,147 | £260,129 |
| Sep 2023 | £565,702 | £284,428 | £261,318 |
| Aug 2023 | £560,630 | £285,690 | £262,602 |
| Jul 2023 | £559,703 | £284,246 | £261,182 |
| Jun 2023 | £556,107 | £281,585 | £258,275 |
| May 2023 | £554,900 | £279,846 | £257,330 |
| Apr 2023 | £557,147 | £280,054 | £256,479 |
| Mar 2023 | £555,361 | £279,592 | £255,885 |
| Feb 2023 | £563,875 | £283,907 | £258,788 |
| Jan 2023 | £570,869 | £285,817 | £260,941 |
| Dec 2022 | £572,384 | £288,198 | £263,190 |
| Nov 2022 | £575,480 | £290,003 | £265,299 |
| Oct 2022 | £573,946 | £289,993 | £265,693 |
| Sep 2022 | £579,330 | £290,185 | £265,727 |
| Aug 2022 | £581,320 | £289,294 | £265,124 |
| Jul 2022 | £575,261 | £286,526 | £262,904 |
| Jun 2022 | £572,418 | £281,116 | £258,118 |
| May 2022 | £554,380 | £278,084 | £255,040 |
| Apr 2022 | £554,765 | £274,812 | £252,167 |
| Mar 2022 | £550,480 | £272,225 | £249,232 |
| Feb 2022 | £551,066 | £271,265 | £248,309 |
| Jan 2022 | £550,635 | £270,231 | £248,031 |
| Dec 2021 | £547,837 | £267,793 | £245,189 |
| Nov 2021 | £547,647 | £265,662 | £243,930 |
| Oct 2021 | £539,606 | £259,748 | £239,236 |
| Sep 2021 | £541,876 | £268,041 | £245,371 |
What the model expects
The central estimate at each horizon, and the range prices land in 8 times out of 10.
| Horizon | Expected | 80% range | Chance of a rise | Chance of beating inflation |
|---|---|---|---|---|
| In 3 months (November 2026) | £557,559 | £545,163 – £569,954 | 63% | 43% |
| In 4 months (December 2026) | £558,601 | £544,009 – £573,194 | 64% | 42% |
| In 12 months (August 2027) | £566,944 | £538,087 – £595,801 | 71% | 38% |
The outlook carries the region's own monthly price history forward: the recent trend and how far prices usually stray from it. It knows nothing about interest-rate decisions, new laws or local projects, so read it as a description of momentum, not a forecast to act on.
Other reports for London
At the average sale price, a home costs £554,430. With 10% down and a 30-year mortgage, the payment is £2,558 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.
- Payment, two incomes
- 33%
- Payment, one income
- 66%
Renting the average home costs less each month than owning it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.
- Rent per month
- £2,338
- Owning per month
- £2,610
8.4% more homes were started in the last 12 months than in an average year of the past decade.
- Started, 12 months
- 16,310
- Per 1,000 residents
- 1.8
Figures for United Kingdom: London has no reliable figures of its own.
Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.
- Bought by buyers abroad, 12 months
- 1.8%
Sale prices have fallen by 3% or more 10 times since 1968. The deepest began in June 1989.
- Deepest fall
- −20.9%
- Recovery from the low
- 51 months
In 2025 the population fell by 25,911 while 16,070 homes were finished.
- Homes finished, 2025
- 16,070
- Population change, 2025
- −25,911
7.3% of the 3,715,732 homes counted in the 2021 census had nobody usually living in them.
- Empty, 2021 census
- 7.3%
- Empty homes
- 272,170
In 2025, 12% of the homes added came from existing buildings rather than new ones.
- Homes from existing buildings, 2025
- 12%