City of London Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

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

The City of London property market recorded 180 residential sales in the 12 months to 31 May 2026, with a median sale price of £775,000. This places City of London £290k above the Greater London county median of £485,000, and £490k above the approximate UK median of £285,000.

Prices in City of London have recorded a notable decline, a year-on-year change of -10.3%. Within Greater London, City of London ranks 1st by price out of 21 principal towns, and 21th by transaction volume.

On a quarterly view, City of London median prices moved from £915,000 in Q3 2024 to £806,250 in Q4 2025, a change of -11.9% over 5 quarters. City of London has now recorded 2 consecutive quarters of price falls. The most recent quarter is excluded because HM Land Registry registrations for it are still incomplete.

City of London Corporation, the local planning authority covering City of London, approved 197 residential planning applications and refused 3 in the last 12 months, with 37 still awaiting a decision. That is an approval rate of 99%.

Those applications propose around 172 homes, an estimated £91.4m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

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.

HM Land Registry has so far registered 4 new-build sales in City of London for the past 12 months, 2.2% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

Too few new-build sales have registered yet to quote a reliable new-build premium for City of London.

Across the wider Greater London market, 1,285 new-build sales have registered so far. See our Greater London property market report for the full county picture.

The table below shows the most recently registered residential sales in City of London, 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.

For developers considering City of London, the local market data translates directly into finance structuring. With a median value of £775,000 and strong demand across property types, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in City of London with a GDV of £1.08m would attract senior debt of approximately £705,250 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 10.3% 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.