City of London Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Square Mile where a constrained pipeline of office-to-residential conversions commands super-prime values

The City of London property market recorded 120 residential sales over the past 12 months, with a median sale price of £730,000. This places City of London £245k above the Greater London county median of £485,000, and £445k above the UK national median of £285,000.

Prices in City of London have shown a notable decline, with a year-on-year change of -19.3%. Within Greater London, City of London ranks 7th by price out of 51 principal towns, and 51th by transaction volume.

City of London median prices have moved from £860,000 in Q1 2025 to £827,500 in Q2 2026, a change of -3.8% over 5 quarters.

Property prices in City of London vary significantly by type. The table below compares City of London prices with Greater London county averages and UK national figures.

City of London recorded 1 new-build transactions in the past 12 months, representing 0.8% of total sales. New-build supply is limited, potentially indicating either planning constraints or an untapped opportunity for developers.

New-build properties in City of London traded at a discount of 0.0% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.

Across the wider Greater London market, 412 new-build completions were recorded — see our Greater London property market report for the full county picture.

The following table shows the most recent property transactions recorded in City of London, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £103,000 to £5.53m illustrates the breadth of the City of London market.

For developers considering City of London, the local market data translates directly into finance structuring. With a median value of £730,000 and strong demand across property types, lenders can assess scheme viability with confidence.

A typical development finance facility for a City of London scheme with a GDV of £1.02m would attract senior debt of approximately £664,300 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

While prices have softened 19.3% year-on-year, experienced developers can still generate strong returns in City of London by targeting well-located sites with clear demand drivers.

Ready to develop in City of London? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put City of London's market in context, the table below compares it with similarly-priced towns across Greater London:

For the full Greater London town-by-town breakdown, see our comprehensive Greater London property market report.