London property prices for home buyers

Buying or moving in London? See what each postcode area costs per square metre, whether prices are rising or falling, and where your budget goes furthest, from official records of homes sold. Free, no sign-up.

London at a glance

Median price per m²
£6,542
Jul 2026
12-month change
-3.3%
median price per m²
Like-for-like change
-5.0%
constant-quality Index, 12 months
Cheapest postcode area
Croydon
£5,151/m²
Dearest postcode area
West Central London
£11,022/m²

In the three months to July 2026, homes in London sold for a median £6,542 per square metre, -3.3% on a year earlier, across 19 postcode areas.

What drives prices in London now

Our model prices each characteristic of a home separately, comparing homes that are otherwise identical. In London, these have moved most in the past year, measured against how much each one usually moves. See every factor on the Factors page.

Energy Rating

Change in this Premium since Aug 2021, in percentage points (starts at 0).

House vs Flat

Change in this Premium since Aug 2021, in percentage points (starts at 0).

What a square metre costs in every postcode area

Median price per m², July 2026

Rolling 3-month median price per m² of homes sold in all 19 postcode areas, dearest at the top. Tap or click a bar to open that area.

Price against growth

Price per m² against 5-year change, every postcode area

Each dot is one postcode area: further right costs more per m², higher up has risen more over five years. Hover or tap a dot for its name and figures.

Like-for-like prices against what buyers paid

London: change since Mar 1996

Constant-quality Index (the same kind of home over time) and Average Price Paid per m² (whatever sold), both starting at 0%. When the lines part, the mix of homes sold has changed.

Go further

Questions

What is the average property price per square metre in London?

The median was £6,542 per m² in the three months to July 2026, -3.3% on a year earlier.

What is the cheapest postcode area in London?

Croydon, at a median £5,151 per m² in the three months to July 2026.

Where do the prices come from?

From HM Land Registry price paid data matched to MHCLG energy certificates: prices actually paid, not asking prices. Updated monthly.