London house prices: Nationwide
London house prices: Nationwide stood at £540,903.23 in Q2 2026. It is one of the indicators in the House prices, quarterly and long run table (Value · Quarterly), with a complete series running from Q4 1973 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the House prices, quarterly and long run table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Average price | |||||||||||
| London | 540,903.23 | 538,180.7 | 529,372.17 | 527,693.63 | 532,449.19 | 529,369.21 | 525,534.75 | 524,685.27 | 525,247.69 | 519,504.8 | |
| South West | 310,429.28 | 305,701.11 | 308,228.28 | 306,162.93 | 308,349.15 | 305,409.93 | 306,729.52 | 303,522.37 | 301,138.53 | 297,227.64 |
Understanding london house prices: Nationwide
Calculated from mortgage approvals within the capital city, this series tracks nominal residential property valuations across London. The geographic scope is strictly confined to the metropolitan boundaries, setting it apart from surrounding regional rings and national aggregates in the table. The underlying dataset captures only properties financed via the compiling institution's mortgage network, omitting cash-funded acquisitions and loans from rival lenders.
Interpreting this metric demands careful handling because high-value transactions and frequent compositional shifts can disproportionately influence the average price compared to other regions. Quarterly figures are particularly susceptible to volatility driven by tax policy changes, international capital flows, and seasonal market lulls. Analysts should rely on annual comparisons to assess true valuation trends and must account for potential revisions in early estimates as final settlement data are processed.
Frequently asked questions
- Does this series cover all property sales in the capital?
- Only homes purchased with a mortgage from the compiling institution are included, omitting cash buyers.
- Why is the London average often more volatile than other regions?
- Higher average values and a concentration of luxury properties mean large transactions can skew quarterly calculations.
- Are these figures adjusted for inflation?
- No, the series reflects nominal transaction prices rather than real inflation-adjusted values.