Freehold or leasehold?

Most flats are leasehold. A short lease is a discount with a future bill attached — price the extension, not the asking price.

Overseas buyer extra tax?

A 2% non-resident SDLT surcharge on top of the standard bands, plus 5% more if it is an additional dwelling. Budget it before the offer.

United Kingdom · GBP

London real estate

Name: London house prices by borough, August 2026
Creator: HM Land Registry
License: https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/

London is a stamp-duty, leasehold and borough-planning market. A Zone 1 trophy and a Zone 4 terrace are different products under one ISO path.

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Land Registry path

Leasehold term checked

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London

Live listings in London only.

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Battersea Power Station — London

Battersea, London

Price on request

Canada Water Masterplan — London

Canada Water, London

Price on request

The Silk District — London

Whitechapel, London

+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
Borough	All types	Flats	Year on year	Sales, 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	£492,607	0.0%	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	£291,852	0.0%	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
Price	Standard	First-time buyer	Second 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.

Neighborhoods

Areas in London

Area guides with nearest metro, local projects and what each district is known for.

London: population, growth, metro and time zone

Check remaining lease term, ground rent and service charge before you compare price per square foot. Under about eighty years a lease starts costing real money to extend, and the premium grows every year you wait.

SDLT is paid by the buyer on slice bands, plus 2% if you are non-resident and a further 5% if this will not be your only dwelling. Exchange is the contract — until then, gazumping is legal.

Cladding and EWS1 files have repriced whole buildings since 2017. The building safety pack is not optional reading, and lenders treat it as underwriting.

Buy in London Rent in London

FAQ

Freehold or leasehold?: Most flats are leasehold. A short lease is a discount with a future bill attached — price the extension, not the asking price.
Overseas buyer extra tax?: A 2% non-resident SDLT surcharge on top of the standard bands, plus 5% more if it is an additional dwelling. Budget it before the offer.

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

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