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The most recent median house price in London stood around £467,500 in May 2025, representing a moderate YoY increase compared to May 2024 figures. This suggests a steady upward trend in property values, with London maintaining its reputation as a high-value real estate market despite wider economic uncertainties. The YoY price growth underscores the continued demand for housing in the capital city.
Median house prices in London vary significantly by property type, with detached houses commanding the highest prices, often exceeding £700,000, while flats generally have lower median values around £376,000 to £400,000. Over the past year, detached and semi-detached houses have experienced stronger price growth compared to flats and terraced houses, reflecting buyer preference shifts towards suburban and spacious properties. This year-on-year dynamic highlights the diversity of London’s housing market and evolving buyer priorities.