Sellers who put London homes on the market in the past month asked for more, on average, than those who listed a month earlier. Rightmove's House Price Index, published on 19 October 2026, puts the average asking price of a newly listed home in the capital at £673,942, up 2.5% on the month. That was the largest monthly rise of any region in Great Britain. London asking prices were still 1.7% lower than a year earlier, which leaves the capital as the weakest region on an annual basis.
These figures are asking prices, not sale prices. Rightmove builds its index from the prices sellers set when their homes first come onto the market through estate agents advertising on its website. Other measures record prices later in the process, either from lenders during mortgage applications or from the final sale prices reported to the Land Registry. The October index covers homes put on sale between 13 September and 10 October 2026, with 104,164 asking prices measured across the country.
Rightmove presents part of the October rise as lost ground being recovered. It says London asking prices fell by 6% across July and August, and that new sellers are now clawing back some of that loss.
| London, Rightmove index month | Average asking price | Change on month | Change on year |
|---|---|---|---|
| July 2026 | £676,248 | -1.6% | -1.2% |
| August 2026 | £646,451 | -4.4% | -3.1% |
| September 2026 | £657,775 | +1.8% | -2.6% |
| October 2026 | £673,942 | +2.5% | -1.7% |
Rightmove also links the size of the jump to the time of year. It says London usually sees stronger asking-price growth in the autumn, because sellers who can choose when to list prefer a season with more active buyers. According to Rightmove, the effect was particularly marked at the top end of the market, with Inner London asking prices up 3.9% in the month. It adds that after a subdued year, some London sellers may feel they have little room to cut their price without making their own onward move unaffordable.
Rightmove says the October rise is not evidence of a broader recovery in London. On its figures, 38% of London listings are being reduced, homes take 78 days on average to find a buyer, and fewer than half of homes, 42%, successfully find one. Rightmove says London performs weakly on all three measures compared with the rest of Great Britain.
Across Great Britain, the average asking price of a newly listed home rose 1.0% to £371,015, which Rightmove describes as virtually flat on a year earlier, at -0.1%. Its daily mortgage tracker puts the average two-year fixed mortgage rate at 5.55%, up from 5.29% a month before. Rightmove says the number of sales agreed is 8% lower than a year ago and the number of new potential buyers contacting agents is 9% lower. It also says the total number of homes for sale is at its highest level for this time of year since 2014, which it says is helping to keep asking-price growth muted, and that the forthcoming Budget is adding a layer of uncertainty to buyers' decisions.
Sources
Sources read 20 October 2026.
- House Price Index | Property news, Rightmove, date published 19 October 2026, October 2026 data, read 20 October 2026.
- House Price Index, Rightmove full report, released Monday 19 October 2026, pages 1, 2, 6 and 9, read 20 October 2026.