At a Glance
Average Property Price - London
£706,303
12 month avg at 31 Jul 2026
Average Monthly Rent - London
£2,426
Estimate at 31 Jul 2026
Average Net Household Income - London
£53,322
2023 census data
Flat / Maisonette Yield - London
4.7%
Estimate at 31 Jul 2026
10-Year Annualised Price Growth - London
0.6%
Estimate at 31 Jul 2026
10-Year Annualised Rent Growth - London
3.2%
Estimate at 31 Jul 2026
Street Rankings — London
Top 10 streets in London ranked by 3-year average sale price.
| # | Street | 3Y Avg |
|---|---|---|
| 1 | Grosvenor Place | £28,553,596 |
| 2 | Merton Lane | £25,900,000 |
| 3 | Grosvenor Gardens Mews North | £25,683,130 |
| 4 | Old Park Lane | £23,800,000 |
| 5 | St Johns Wood Park | £22,510,000 |
| 6 | Campden Hill Place | £21,250,000 |
| 7 | Glebe Place | £21,028,571 |
| 8 | Lygon Place | £19,500,000 |
| 9 | Albert Place | £18,750,000 |
| 10 | Wilton Crescent | £18,326,667 |
Property Price & Volume Trends
The average London property sold for £706,303 in the most recent period, placing it in the 95th percentile nationally — nearly twice the UK average. Despite this premium, price growth has been subdued: the 10-year annualised rate of 0.59% sits in the 4th percentile, reflecting affordability constraints and a period of price correction following the sharp post-2015 run-up.
Rent & Yield Trends
Average monthly rents in London stand at £2,426, placing the capital in the 94th percentile nationally. Rents have grown at 3.17% per year over the past decade — outpacing price appreciation — yet the gross rental yield of 4.74% sits in the 7th percentile. High purchase prices compress yields relative to most of the country, though London's liquidity, tenant demand, and long-term capital values continue to attract investors.
Income & Affordability Trends
Median household income in London is estimated at £53,322 — 93rd percentile nationally, reflecting the city's concentration of higher-earning professionals. Despite this, affordability remains a challenge: the price-to-income ratio has improved only modestly from 17.20 in 2016 to 16.22 by 2023, while the rent-to-income ratio has eased more meaningfully from 52.56% to 45.27% — still among the highest sustained rent burdens in the country.
Resident Demographic Profile
London has an unusually young and mobile population: 22.15% of residents are aged 25–34, while just 10.73% are 65 or over, reflecting the city's draw for working-age migrants from across the UK and internationally. Private renting accounts for 38.70% of tenures — far above the national average — with social renting at 26.95% and outright ownership a relatively low 16.28%. The workforce skews heavily towards knowledge industries, with 31.67% employed as professionals and 17.89% as managers or directors.