{"id":21846,"date":"2026-10-20T11:25:35","date_gmt":"2026-10-20T10:25:35","guid":{"rendered":"https:\/\/www.benhams.com.sg\/news\/?p=21846"},"modified":"2026-11-13T11:27:31","modified_gmt":"2026-11-13T11:27:31","slug":"london-asking-prices-rise-september-2026","status":"publish","type":"post","link":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/","title":{"rendered":"London asking prices rise 1.8% in September following a summer slowdown"},"content":{"rendered":"

\"Aerial<\/p>\n

London’s average property asking price rose by \u00a311,324 (1.8%) in September, reaching \u00a3657,775. That\u2019s a 1.8% rise and across Great Britain asking prices rose 0.7% to \u00a3367,440, the first monthly gain since May.<\/p>\n

Key figures from September 2026<\/h2>\n

\u27a2\tHomes for sale across the UK at a 12-year high for the time of year.<\/p>\n

\u27a2\tAverage two-year fixed mortgage rate at 5.29%, up from 5.09%.<\/p>\n

\u27a2\tUK inflation rose to 3.1% in August, with the Bank Rate held at 3.75%.<\/p>\n

\u27a2\tAutumn Budget on 28 October.<\/p>\n

Buyers still have plenty of choice<\/h2>\n

Only 42% of homes for sale in London are finding a buyer, against 91% in Scotland. With more properties available and buyer demand remaining subdued, sellers face greater competition and pressure to price their homes realistically. London\u2019s average asking price is still 79% above the national figure.<\/p>\n

However, completed transaction data presents a different picture. Land Registry puts the London average at \u00a3550,000 for July, down 3.3% on a year earlier. Asking prices show what sellers hope for. The Land Registry shows what buyers paid.<\/p>\n

Lambeth leads the boroughs<\/h2>\n

Lambeth rose 0.7% in the month, the best of any London borough, to an average asking price of \u00a3649,420. Harrow and Croydon followed at 0.5% and Bexley at 0.4%.<\/p>\n

\n\n\n\n\n\n\n\n\n
Borough<\/th>\nAvg. asking price, Sep 2026<\/th>\nMonthly change<\/th>\n<\/tr>\n<\/thead>\n
Lambeth<\/td>\n\u00a3649,420 <\/td>\n0.7%<\/td>\n<\/tr>\n
Harrow<\/td>\n\u00a3609,578 <\/td>\n0.5%<\/td>\n<\/tr>\n
Croydon<\/td>\n\u00a3475,627 <\/td>\n0.5%<\/td>\n<\/tr>\n
Bexley<\/td>\n\u00a3485,547<\/td>\n0.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\nBorough figures use three-month rolling averages and are not directly comparable with the overall London monthly figure. <\/em>\n<\/div>\n

Borrowing costs are moving the other way<\/h2>\n

Two-year fixed mortgage rates averaged 5.29% in Rightmove\u2019s tracker, up from 5.09% a month earlier. The Bank of England held Bank Rate at 3.75% on 17 September, with three of nine members voting for a rise to 4%. Higher energy prices linked to the Middle East conflict are pushing inflation up and the Bank expects it to pass 4% in the first quarter of 2027. The next decision is on 5 November.<\/p>\n

For buyers planning to borrow in the UK, these rates feed directly into affordability.<\/p>\n

Budget on 28 October<\/h2>\n

Chancellor John Healey will deliver his first Budget on Wednesday 28 October, three days after our Singapore showcase ends.<\/p>\n

Prime Minister Andy Burnham has already announced Your First Home. First-time buyers in England could buy a new-build with a 2.5% deposit and a government-backed equity loan of up to 20%, interest-free, at first.<\/p>\n

Eligibility, price caps and the launch date are due at the Budget. This scheme targets first-time buyers. Overseas investors are unlikely to be in its sights. It does show government backing for new-build supply.<\/p>\n

Commentators have also floated changes to capital gains tax and to taxes on higher-value homes.<\/p>\n

Meet Berkeley Group in Singapore on 24 and 25 October<\/h2>\n

Join Benham and Reeves and Berkeley Group on 24-25 October at Berkeley Singapore, Tower 2, Marina Bay Financial Centre, to explore two exclusive Zone 1 London developments, with homes starting from \u00a3660,000.<\/p>\n

The Halo at Oval Village, SE11<\/strong><\/a><\/p>\n

\"The<\/p>\n

199 apartments and penthouses designed within the historic gas holder beside the Kia Oval, as part of the wider Oval Village regeneration. Three Tube and train stations are about ten minutes\u2019 walk away.<\/p>\n

Trillium, Marylebone W2<\/a><\/strong><\/p>\n

\"Living<\/p>\n

Situated between Paddington and Marylebone, with the Royal Parks, Little Venice and the West End within reach. Paddington\u2019s Elizabeth line runs direct to Heathrow and Canary Wharf.<\/p>\n

Berkeley representatives will be present to talk through both schemes, and attendees can enjoy exclusive deals & incentives for premium new homes. Our team will guide you through the buying process, help you compare both developments and provide tailored advice based on your budget, preferences and intended use.<\/p>\n

Consultation slots are limited.<\/p>\n

Register now<\/a><\/p>\n

Benham and Reeves publishes monthly London and UK property market updates. To discuss your London property plans, contact our Singapore office<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

London’s average property asking price rose by \u00a311,324 (1.8%) in September, reaching \u00a3657,775. That\u2019s a 1.8% rise and across Great Britain asking prices rose 0.7% to \u00a3367,440, the first monthly gain since May. Key figures from September 2026 \u27a2 Homes for sale across the UK at a 12-year high for the time of year. \u27a2 … <\/p>\n

Continue reading “London asking prices rise 1.8% in September following a summer slowdown”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":21854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[451],"tags":[],"class_list":["post-21846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-london-property-market"],"acf":[],"yoast_head":"\nLondon Property Prices: September 2026 Market Update<\/title>\n<meta name=\"description\" content=\"London property asking prices rose 1.8% in September 2026, adding \u00a311,324. Explore borough trends, mortgage rates and the latest market outlook.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"London Property Prices: September 2026 Market Update\" \/>\n<meta property=\"og:description\" content=\"London property asking prices rose 1.8% in September 2026, adding \u00a311,324. Explore borough trends, mortgage rates and the latest market outlook.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Benham and Reeves\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-20T10:25:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-13T11:27:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.benhams.com.sg\/frontend\/img\/benhamandreevessingapore_og_image.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Benham and Reeves\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benham and Reeves\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"London Property Prices: September 2026 Market Update","description":"London property asking prices rose 1.8% in September 2026, adding \u00a311,324. Explore borough trends, mortgage rates and the latest market outlook.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"London Property Prices: September 2026 Market Update","og_description":"London property asking prices rose 1.8% in September 2026, adding \u00a311,324. Explore borough trends, mortgage rates and the latest market outlook.","og_url":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/","og_site_name":"Benham and Reeves","article_published_time":"2026-10-20T10:25:35+00:00","article_modified_time":"2026-11-13T11:27:31+00:00","og_image":[{"width":500,"height":300,"url":"https:\/\/www.benhams.com.sg\/frontend\/img\/benhamandreevessingapore_og_image.png","type":"image\/webp"}],"author":"Benham and Reeves","twitter_misc":{"Written by":"Benham and Reeves","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/","url":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/","name":"London Property Prices: September 2026 Market Update","isPartOf":{"@id":"https:\/\/www.benhams.com.sg\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/#primaryimage"},"image":{"@id":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/www.benhams.com.sg\/news\/wp-content\/uploads\/2026\/11\/thumbnail-london-asking-prices-rise.webp","datePublished":"2026-10-20T10:25:35+00:00","dateModified":"2026-11-13T11:27:31+00:00","author":{"@id":"https:\/\/www.benhams.com.sg\/news\/#\/schema\/person\/478f2948e1ca24a24bafe682033dab98"},"description":"London property asking prices rose 1.8% in September 2026, adding \u00a311,324. Explore borough trends, mortgage rates and the latest market outlook.","inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.benhams.com.sg\/news\/london-property-market\/london-asking-prices-rise-september-2026\/#primaryimage","url":"https:\/\/www.benhams.com.sg\/news\/wp-content\/uploads\/2026\/11\/thumbnail-london-asking-prices-rise.webp","contentUrl":"https:\/\/www.benhams.com.sg\/news\/wp-content\/uploads\/2026\/11\/thumbnail-london-asking-prices-rise.webp","width":500,"height":300,"caption":"London property prices"},{"@type":"WebSite","@id":"https:\/\/www.benhams.com.sg\/news\/#website","url":"https:\/\/www.benhams.com.sg\/news\/","name":"Benham and Reeves","description":"Singapore","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.benhams.com.sg\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.benhams.com.sg\/news\/#\/schema\/person\/478f2948e1ca24a24bafe682033dab98","name":"Benham and Reeves","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.benhams.com.sg\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ea42b4e2673ec4fe437aad6635ca4928239400431649b6f54fff78de3344b7eb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ea42b4e2673ec4fe437aad6635ca4928239400431649b6f54fff78de3344b7eb?s=96&d=mm&r=g","caption":"Benham and Reeves"},"description":"Benham & Reeves has been shaping London\u2019s prime property market since 1958. In 1999, we launched one of the very first London\u2011focused estate agency offices in Singapore to cater to growing investor demand. We were among the first dedicated London\u2011focused branches outside the UK. Our dedicated Singapore office is in Raffles Hotel \u2014 from here, the experienced, multilingual agents work seamlessly to assist a discerning clientele with buying, selling and letting London properties. We further offer end-to-end support, sourcing, acquisition, lettings, furnishing and complete property management \u2013 all on Singapore time.","sameAs":["https:\/\/www.benhams.com.sg"],"url":"https:\/\/www.benhams.com.sg\/news\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/posts\/21846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/comments?post=21846"}],"version-history":[{"count":5,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/posts\/21846\/revisions"}],"predecessor-version":[{"id":21855,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/posts\/21846\/revisions\/21855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/media\/21854"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/media?parent=21846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/categories?post=21846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com.sg\/news\/wp-json\/wp\/v2\/tags?post=21846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}