Skip to main content

Top up balance

United Kingdom · GBP

Real estate in the United Kingdom

The UK is not one transaction. England and Northern Ireland use solicitors, SDLT slice bands and an exchange of contracts; Scotland uses LBTT, an 8% additional-dwelling supplement and missives that bind earlier. sivrce uses /gb — the ISO code — so /uk never collides with the Ukrainian locale on sivrce.ge. Six metros open, four English and two Scottish.

Land Registry path
Leasehold term checked
3D map
+2%non-resident SDLT surcharge in England
+5%additional-dwelling surcharge on the whole price
Exchangethe moment an offer becomes a contract
Leaseholdmost flats — term, ground rent, service charge
House prices

London house prices, August 2026

Average sale price from the UK House Price Index, by property type and borough. Official figures, not asking prices.

Average, all property types
£554,430
−2.2% on a year earlier (£567,115 in August 2025)
Flats and maisonettes
£427,310
Terraced houses
£648,650
Semi-detached houses
£730,580
Detached houses
£1,164,439
First-time buyers
£473,051

4,309 sales registered in June 2026. Recent months are provisional and rise as registrations complete.

Average price by borough, August 2026

Average house price by London borough, August 2026
BoroughAll typesFlatsYear on yearSales, June 2026
Kensington and Chelsea£1,204,072£947,855−13.8%74
City of Westminster£887,206£784,694−14.3%104
Richmond upon Thames£813,931£492,6070.0%138
Camden£798,486£656,955−10.6%104
Hammersmith and Fulham£754,825£579,711−5.1%107
City of London£726,633£726,060−14.6%11
Wandsworth£694,210£532,028−5.3%218
Islington£654,286£542,886−8.6%106
Haringey£633,221£467,608−1.4%100
Merton£623,791£409,754+0.1%120
Hackney£619,408£535,923−1.6%101
Kingston upon Thames£597,587£368,099+4.9%103
Barnet£592,892£364,239−4.4%163
Ealing£589,875£410,282+1.8%145
Southwark£569,160£466,671−2.1%153
Brent£555,687£383,498−0.3%99
Lambeth£540,198£441,815−6.5%207
Waltham Forest£532,212£390,968+0.7%134
Harrow£532,173£319,799−2.5%77
Hounslow£528,051£353,291−1.5%132
Bromley£520,253£306,823−0.5%235
Lewisham£486,416£374,267−1.6%166
Redbridge£484,378£301,680−2.8%120
Hillingdon£482,137£291,8520.0%156
Enfield£474,855£300,325+0.8%138
Greenwich£462,868£350,603−2.2%157
Sutton£458,954£287,646+1.5%122
Tower Hamlets£447,950£429,851−13.3%118
Havering£444,572£249,212+1.1%171
Bexley£414,833£245,833+1.9%135
Croydon£396,718£257,891−1.5%216
Newham£388,045£320,546−4.7%110
Barking and Dagenham£369,881£245,845+4.7%69

Source: UK House Price Index — HM Land Registry, Office for National Statistics. Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Retrieved 2026-10-22.

Buying & letting

London acquisition costs, in statute

Stamp duty slices from 1 April 2025, the Land Registry fee schedule, and the deposit caps that bind a London landlord. Official figures, not estimates.

SDLT on three London budgets
PriceStandardFirst-time buyerSecond home (+5%)Non-resident (+2%)
£300,000£5,000£0£20,000£11,000
£540,000£17,000£17,000£44,000£27,800
£1,200,000£63,750£63,750£123,750£87,750
Land Registry fee, £540,000 purchase
£295
Max tenancy deposit, £1,800/mo rent
£2,071
Council tax, band D average 2024-25
£2,171/yr
Scotland & Wales
LBTT / LTT, not SDLT

Rates: Finance Act 2003 as amended (permanent SDLT schedule from 1 April 2025); Land Registry Scale 1 fees for online applications from 9 May 2024; deposit caps under the Tenant Fees Act 2019. Scotland (LBTT) and Wales (LTT) run devolved schedules. Verify current rates at gov.uk before transacting.

What a purchase really costs

£500,000 home in London

Stamp duty (slice bands) — SDLT
£15,000
Non-resident surcharge (+2%)
£10,000
Legal, searches & Land Registry (≈0.4%)
£2,000
Survey (≈0.2%)
£1,000
Cash needed at completion
£528,000

≈ +5.6% over the price. Scotland is a different tax and a different contract: LBTT with 8% ADS, and missives that bind earlier than an English exchange. In England and Wales an offer binds nobody until exchange — gazumping is legal, which is why the survey and the searches come before the celebration. A second or additional dwelling adds 5% SDLT on the whole price.

Rentals run on rules

The let side, in three lines

  • A tenant deposit must sit in a government-approved protection scheme within 30 days — unprotected deposits cost the landlord up to three times the sum.
  • The Renters’ Rights Act ends assured shorthold fixed terms and section 21 no-fault eviction; possession now runs through stated statutory grounds.
  • An EPC of E or better is required to let, and a leasehold flat carries ground rent, service charge and a term that shortens every year.

Yield on a leasehold flat is service charge minus optimism. Read the last three years of accounts and the cladding/EWS1 file.

Cities

Six metros, two tax systems

England and Northern Ireland pay SDLT; Scotland pays LBTT on its own bands and binds at missives, not exchange. Edinburgh and London are not the same transaction with different weather.

Leasehold flats are a different product from freehold houses: ground rent, service charge and a term that shortens every year. Since 2017 the cladding and EWS1 files have repriced whole buildings — the building safety pack is not optional reading.

In England an offer binds nobody until exchange, so gazumping is legal and the survey comes before the celebration. Non-resident buyers pay a 2% SDLT surcharge on top of the standard bands; an additional dwelling adds a further 5% on the whole price. Scotland has no non-resident surcharge but its ADS is 8%.

The Renters' Rights Act ends assured shorthold fixed terms and section 21 no-fault eviction in England — possession now runs through stated statutory grounds. Underwrite that, not a 2019 landlord blog.

FAQ

Why /gb not /uk?
ISO-3166-1 alpha-2 for the United Kingdom is GB. /uk is a Ukrainian locale on sivrce.ge, so the country path cannot be /uk. Type /uk on sivrce.com and it 308s to /gb.
How much extra does an overseas buyer pay?
In England and Northern Ireland, a 2% non-resident SDLT surcharge on the whole price, plus the 5% additional-dwelling surcharge if this will not be your only home. Scotland charges no non-resident surcharge but applies 8% ADS on an additional dwelling.
Is Scotland really a different system?
Yes. Different tax (LBTT), different conveyancing (missives), different letting regime (short-term let licensing since 2023). Edinburgh is not London with a different accent.

All markets: sivrce.com · Georgia marketplace: sivrce.ge · Prices and availability are published only when a verified listing exists. Market currency: GBP.

No photos yet. Be the first.

Reviews

Be the first to review

Your experience helps others make a better choice.