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London Property Market — FAQs

What is the average property price in London?

The average property price in London is £725,000, with a median sold price of £610k. Prices have moved +3.2% over the past year.

Is the London property market rising or falling?

Over the last 12 months London prices changed by +3.2% year on year, based on HM Land Registry data. Around 4,800 sales completed in that period, so the market is actively trading.

How long does it take to sell a home in London?

Homes in London take roughly 38 days to sell on average, from first listing to agreed sale. There are about 485 properties on the market right now.

Which property types cost the most in London?

Detached homes are typically the most expensive in London at around £1,450k, while flats are the most affordable entry point at about £520k. Terraced and semi-detached homes sit in between.

Where does TrueDeed's London price data come from?

All London figures are derived from HM Land Registry Price Paid Data — the official record of completed sales in England and Wales — and describe the wider area rather than any single property.