2.1 London — London
The London property market recorded a volume-weighted average price paid of £621,840 in August 2026, a decline of 9.8% year-on-year — the steepest fall of any English region. Average monthly rents rose 2.8% to £2,075, and gross yields expanded to 4.01%, up 0.41 percentage points. Price movements were predominantly negative, with inner and prime London postcode areas registering the sharpest falls and a handful of outer London areas recording modest growth.
Property Prices by Postcode Area
Aug-26 average price by property type, with year-on-year change vs Aug-25.
| Area | Location | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | ||
| BR | Bromley | £605,153 ▲ 3.3% | £918,611 ▼ 9.1% | £685,580 ▲ 10.6% | £569,347 ▲ 9.1% | £342,187 ▲ 2.2% |
| CR | Croydon | £497,515 ▼ 0.2% | £782,230 ▼ 8% | £563,873 ▼ 1.7% | £438,340 ▼ 3.3% | £275,543 ▼ 1.3% |
| DA | Dartford | £419,278 ▼ 0.9% | £661,197 ▼ 10.6% | £472,780 ▼ 2% | £401,706 ▲ 5.2% | £212,235 ▼ 14.5% |
| E | East London | £537,179 ▼ 10.5% | £691,667 ▼ 66.4% | £765,313 ▼ 14.5% | £654,605 ▼ 15.8% | £436,813 ▼ 5.1% |
| EC | City of London | £659,016 ▼ 17.3% | — — | — — | — — | £659,016 ▼ 17.3% |
| EN | Enfield | £511,065 ▼ 6.6% | £681,667 ▼ 28.1% | £636,338 ▲ 11.6% | £477,724 ▼ 7.3% | £270,694 ▼ 12.8% |
| HA | Harrow | £648,005 ▲ 4.9% | £951,340 ▼ 20% | £690,275 ▼ 0.4% | £652,085 ▲ 11.3% | £339,719 ▼ 3.3% |
| IG | Ilford | £532,490 ▼ 9.6% | £746,250 ▼ 29.3% | £732,000 ▲ 5.6% | £511,160 ▼ 8% | £356,042 ▲ 24.9% |
| KT | Kingston upon Thames | £652,169 ▼ 12.2% | £1,065,849 ▼ 17.3% | £696,310 ▼ 5.2% | £571,568 ▲ 1.8% | £377,415 ▲ 9.5% |
| N | North London | £742,037 ▼ 9.8% | £1,093,500 ▼ 66.2% | £988,271 ▼ 4.6% | £1,124,039 ▲ 6% | £523,075 ▼ 2.9% |
| NW | North West London | £789,738 ▼ 19.2% | £2,654,167 ▼ 17.9% | £1,338,500 ▲ 8.4% | £970,867 ▼ 32.9% | £558,399 ▼ 13.9% |
| RM | Romford | £435,808 ▲ 1.5% | £720,833 ▲ 9.8% | £503,263 ▼ 6.6% | £383,515 ▼ 6.3% | £247,300 ▲ 6.1% |
| SE | South East London | £592,974 ▼ 4.9% | £767,500 ▼ 39% | £1,108,975 ▲ 7.6% | £677,947 ▼ 8.1% | £457,997 ▲ 0.2% |
| SM | Sutton | £451,895 ▼ 14.9% | £795,000 ▼ 13.4% | £644,063 ▼ 1.3% | £460,711 ▼ 10.5% | £312,020 ▲ 7.2% |
| SW | South West London | £824,276 ▼ 13% | £2,968,000 ▼ 12.8% | £1,180,939 ▼ 32.4% | £1,186,450 ▼ 4.2% | £565,223 ▼ 13.3% |
| TW | Twickenham | £636,428 ▲ 0.3% | £680,309 ▼ 35.2% | £665,208 ▼ 4.9% | £679,942 ▲ 0.2% | £564,388 ▲ 29.3% |
| UB | Uxbridge | £499,460 ▲ 0.3% | £780,000 ▲ 5.6% | £574,389 ▼ 0.9% | £468,200 ▼ 4.6% | £309,250 ▲ 3.6% |
| W | West London | £805,236 ▼ 28.5% | £3,775,000 ▲ 49.5% | £1,221,183 ▼ 25.4% | £1,158,913 ▼ 32.4% | £622,684 ▼ 15.8% |
| WC | Central London | £499,583 ▼ 37.5% | — — | — — | — — | £499,583 ▼ 28.6% |
| London | £621,840 ▼ 9.8% | £989,128 ▼ 18% | £696,784 ▼ 9.5% | £696,632 ▼ 10.1% | £469,668 ▼ 5.5% | |
Price declines were concentrated in inner London zones. W recorded the sharpest fall at -28.5% to £805,236, followed by NW at -19.2% (£789,738), EC at -17.3% (£659,016), and SM at -14.9% (£451,895). KT fell 12.2% to £652,169 and SW declined 13.0% to £824,276. By contrast, three postcode areas recorded price growth: HA rose 4.9% to £648,005, BR rose 3.3% to £605,153, and RM edged up 1.5% to £435,808. TW and UB were both marginally positive at +0.3%.
Average Monthly Rent by Postcode Area
Aug-26 average monthly rent by property type, with year-on-year change vs Aug-25.
| Area | Location | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | ||
| BR | Bromley | £1,696 ▲ 2.8% | £2,876 ▲ 2.3% | £2,148 ▲ 3.2% | £1,901 ▲ 3.2% | £1,513 ▲ 2.6% |
| CR | Croydon | £1,643 ▲ 3.5% | £2,598 ▲ 3.1% | £2,055 ▲ 3.6% | £1,841 ▲ 4% | £1,469 ▲ 3.4% |
| DA | Dartford | £1,515 ▲ 2.9% | £2,223 ▲ 2.5% | £1,808 ▲ 2.9% | £1,633 ▲ 3.1% | £1,284 ▲ 2.6% |
| E | East London | £2,155 ▲ 2.9% | £2,614 ▲ 3% | £2,675 ▲ 3.4% | £2,430 ▲ 3.3% | £1,991 ▲ 2.8% |
| EC | City of London | £2,840 ▲ 5.4% | £3,096 ▲ 5.2% | £3,198 ▲ 5% | £3,715 ▲ 5.4% | £2,464 ▲ 5.5% |
| EN | Enfield | £1,803 ▲ 4% | £2,556 ▲ 3.5% | £2,208 ▲ 4.2% | £1,912 ▲ 4.5% | £1,528 ▲ 3.9% |
| HA | Harrow | £1,814 ▲ 3% | £2,813 ▲ 2.4% | £2,324 ▲ 3.3% | £2,056 ▲ 3.5% | £1,639 ▲ 2.9% |
| IG | Ilford | £1,746 ▲ 2.8% | £2,570 ▲ 2.4% | £2,105 ▲ 3% | £1,952 ▲ 3% | £1,539 ▲ 2.6% |
| KT | Kingston upon Thames | £1,756 ▲ 1.1% | £2,558 ▲ 0.6% | £2,014 ▲ 1.3% | £1,835 ▲ 1.5% | £1,449 ▲ 0.9% |
| N | North London | £2,323 ▲ 4% | £3,059 ▲ 3.3% | £2,924 ▲ 3.7% | £2,834 ▲ 4.3% | £2,038 ▲ 3.9% |
| NW | North West London | £2,393 ▲ 1.9% | £3,019 ▲ 1.8% | £3,050 ▲ 2% | £2,837 ▲ 2% | £2,103 ▲ 1.9% |
| RM | Romford | £1,550 ▲ 2.5% | £2,190 ▲ 2.3% | £1,836 ▲ 2.8% | £1,702 ▲ 2.8% | £1,375 ▲ 2.3% |
| SE | South East London | £2,133 ▲ 4.5% | £2,974 ▲ 4.3% | £2,815 ▲ 4.7% | £2,454 ▲ 4.9% | £1,907 ▲ 4.3% |
| SM | Sutton | £1,640 ▲ 2.6% | £2,482 ▲ 2.2% | £2,107 ▲ 3% | £1,825 ▲ 3.2% | £1,459 ▲ 2.4% |
| SW | South West London | £2,770 ▲ 2.9% | £3,000 ▲ 3.1% | £3,387 ▲ 3.1% | £3,348 ▲ 2.8% | £2,424 ▲ 3% |
| TW | Twickenham | £1,981 ▲ 3.7% | £2,958 ▲ 3.5% | £2,445 ▲ 3.9% | £2,185 ▲ 3.9% | £1,758 ▲ 3.7% |
| UB | Uxbridge | £1,782 ▲ 2.8% | £2,641 ▲ 2.1% | £2,297 ▲ 3.1% | £2,040 ▲ 3.3% | £1,605 ▲ 2.7% |
| W | West London | £2,947 ▲ 0.8% | £3,021 ▲ 0.9% | £3,079 ▲ 1% | £3,572 ▲ 0.8% | £2,640 ▲ 0.8% |
| WC | Central London | £2,948 ▲ 0.7% | £2,926 ▲ 0.7% | £3,432 ▲ 0.6% | £3,580 ▲ 0.7% | £2,595 ▲ 0.7% |
| London | £2,075 ▲ 2.8% | £2,746 ▲ 2.6% | £2,521 ▲ 3% | £2,403 ▲ 3.1% | £1,831 ▲ 2.8% | |
Rents across London rose modestly overall. EC recorded the strongest growth at 5.4% to £2,840 per month, followed by SE at 4.5% to £2,133 and EN at 4.0% to £1,803. N rose 4.0% to £2,323. KT recorded the weakest growth at 1.1%, while W and WC both grew below 1%. The highest rents were in W (£2,947), WC (£2,948), and SW (£2,770) per month.
Gross Rental Yields by Postcode Area
Aug-26 gross yield (annual rent ÷ purchase price) by property type, with year-on-year change vs Aug-25.
| Area | Location | All | Detached | Semi-Det. | Terraced | Flat |
|---|---|---|---|---|---|---|
| Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | Aug-26 / vs Aug-25 | ||
| BR | Bromley | 3.4% ▼ 0.02pp | 3.8% ▲ 0.42pp | 3.8% ▼ 0.27pp | 4.0% ▼ 0.23pp | 5.3% ▲ 0.02pp |
| CR | Croydon | 4.0% ▲ 0.14pp | 4.0% ▲ 0.43pp | 4.4% ▲ 0.22pp | 5.0% ▲ 0.36pp | 6.4% ▲ 0.29pp |
| DA | Dartford | 4.3% ▲ 0.16pp | 4.0% ▲ 0.52pp | 4.6% ▲ 0.22pp | 4.9% ▼ 0.1pp | 7.3% ▲ 1.21pp |
| E | East London | 4.8% ▲ 0.63pp | 4.5% ▲ 3.05pp | 4.2% ▲ 0.73pp | 4.5% ▲ 0.83pp | 5.5% ▲ 0.42pp |
| EC | City of London | 5.2% ▲ 1.11pp | — — | — — | — — | 4.5% ▲ 0.97pp |
| EN | Enfield | 4.2% ▲ 0.43pp | 4.5% ▲ 1.37pp | 4.2% ▼ 0.29pp | 4.8% ▲ 0.54pp | 6.8% ▲ 1.09pp |
| HA | Harrow | 3.4% ▼ 0.06pp | 3.5% ▲ 0.78pp | 4.0% ▲ 0.15pp | 3.8% ▼ 0.28pp | 5.8% ▲ 0.35pp |
| IG | Ilford | 3.9% ▲ 0.47pp | 4.1% ▲ 1.28pp | 3.5% ▼ 0.09pp | 4.6% ▲ 0.49pp | 5.2% ▼ 1.13pp |
| KT | Kingston upon Thames | 3.2% ▲ 0.43pp | 2.9% ▲ 0.51pp | 3.5% ▲ 0.22pp | 3.9% ▼ 0.01pp | 4.6% ▼ 0.4pp |
| N | North London | 3.8% ▲ 0.5pp | 3.4% ▲ 2.26pp | 3.6% ▲ 0.28pp | 3.0% ▼ 0.05pp | 4.7% ▲ 0.31pp |
| NW | North West London | 3.6% ▲ 0.75pp | 1.4% ▲ 0.26pp | 2.7% ▼ 0.17pp | 3.5% ▲ 1.2pp | 4.5% ▲ 0.7pp |
| RM | Romford | 4.3% ▲ 0.04pp | 3.6% ▼ 0.27pp | 4.4% ▲ 0.4pp | 5.3% ▲ 0.47pp | 6.7% ▼ 0.25pp |
| SE | South East London | 4.3% ▲ 0.39pp | 4.7% ▲ 1.93pp | 3.0% ▼ 0.08pp | 4.3% ▲ 0.54pp | 5.0% ▲ 0.2pp |
| SM | Sutton | 4.4% ▲ 0.74pp | 3.7% ▲ 0.57pp | 3.9% ▲ 0.16pp | 4.8% ▲ 0.63pp | 5.6% ▼ 0.26pp |
| SW | South West London | 4.0% ▲ 0.62pp | 1.2% ▲ 0.19pp | 3.4% ▲ 1.18pp | 3.4% ▲ 0.23pp | 5.1% ▲ 0.82pp |
| TW | Twickenham | 3.7% ▲ 0.12pp | 5.2% ▲ 1.95pp | 4.4% ▲ 0.37pp | 3.9% ▲ 0.14pp | 3.7% ▼ 0.93pp |
| UB | Uxbridge | 4.3% ▲ 0.1pp | 4.1% ▼ 0.14pp | 4.8% ▲ 0.19pp | 5.2% ▲ 0.4pp | 6.2% ▼ 0.06pp |
| W | West London | 4.4% ▲ 1.28pp | 1.0% ▼ 0.46pp | 3.0% ▲ 0.79pp | 3.7% ▲ 1.22pp | 5.1% ▲ 0.84pp |
| WC | Central London | 7.1% ▲ 2.68pp | — — | — — | — — | 6.2% ▲ 1.81pp |
| London | 4.0% ▲ 0.49pp | 3.3% ▲ 0.67pp | 4.3% ▲ 0.53pp | 4.1% ▲ 0.53pp | 4.7% ▲ 0.38pp | |
Gross yields expanded across most London postcode areas. WC recorded the highest yield at 7.08%, though the figure reflects a very small number of transactions. EC reached 5.17% and E rose to 4.81%. SM expanded the most on a like-for-like basis, up 0.74 percentage points to 4.35%. KT (3.23%) and HA (3.36%) remained the lowest-yielding postcode areas.