Property Prices in London, United Kingdom

Index Info
Price to Income Ratio: 14.30
Mortgage as Percentage of Income: 115.99%
Loan Affordability Index: 0.86
Price to Rent Ratio - City Centre: 26.54
Price to Rent Ratio - Outside of Centre: 22.47
Gross Rental Yield (City Centre): 3.77%
Gross Rental Yield (Outside of Centre): 4.45%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,170.83 £ 1,600.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,633.14 £ 1,250.00-2,000.00
Apartment (3 bedrooms) in City Centre 4,484.88 £ 3,500.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,898.75 £ 2,300.00-4,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 1,245.26 £ 882.57-1,858.05
Price per Square Feet to Buy Apartment Outside of Centre 739.22 £ 603.86-929.02
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,734.18 £
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.29 4.00-6.50

These data are based on 525 entries in the past 18 months from 92 different contributors.
Last update: July 2024

Sources and References
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4 Comments so far
Nick Outram on Mar 11, 2024:
If your looking to move to rent or buy in London it is certainly one of those places that really doing your homework is going to pay big dividends. There are loads of great places and you really do not need to live 'right in the centre' as London is so big.
property dude on Jan 28, 2024:
@Mark - there are outer-Zone 2 Edwrdian terraced building apartments which are cheaper psqm than the "outside city centre" mean, so I'd take the City Centre as meaning Z1 and some inner Z2 (but not all)
Mark on Jun 20, 2021:
What is considered city center in large cities like London? Zone 1, Congestion charge zone?
julien on Jul 23, 2020:
Hello,
Well done for the quality of your site.
In the real estate market in particular, what are your sources of data in such a large universe?
The changes that I can introduce in a real estate price for example, might they not have a strong influence?

cordially