City of London · report
Empty homes in City of London
26.2% of the 7,323 homes counted in the 2021 census had nobody usually living in them.
- Empty, 2021 census
- 26.2%
- Empty homes
- 1,915
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| City of London | 26.2% |
| London | 7.3% |
| England | 5.4% |
In England and Wales the census counts a dwelling as vacant when nobody usually lives in it and it is not a second home, checked against council tax and other records. Northern Ireland counts household spaces with no usual residents, second homes included, so its share reads higher. Scotland's 2022 census did not count empty homes. The next census is in 2031.
Other reports for City of London
Sale prices have an 80% chance of landing between £603,941 and £936,673 by August 2027.
- Expected, August 2027
- £770,307
- Chance of a rise
- 63%
Figures for London: City of London has no reliable figures of its own.
At the average sale price, a home costs £726,633. With 10% down and a 30-year mortgage, the payment is £3,353 a month. The UK sets no cap on the payment; no more than 15% of new mortgages may lend over 4.5 times income.
- Payment, two incomes
- 43%
- Payment, one income
- 87%
Figures for London: City of London has no reliable figures of its own.
Renting the average home costs less each month than owning it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average of all private tenancies. Repaying the loan is saving, so it is left out.
- Rent per month
- £2,338
- Owning per month
- £2,610
21.3% fewer homes were started in the last 12 months than in an average year of the past decade.
- Started, 12 months
- 60
- Per 1,000 residents
- 3.8
Figures for United Kingdom: City of London has no reliable figures of its own.
Buyers living abroad bought 1.8% of the homes sold here in the four quarters to Q1 2025.
- Bought by buyers abroad, 12 months
- 1.8%
Sale prices have fallen by 3% or more 19 times since 1995. The deepest began in November 2000.
- Deepest fall
- −41.3%
- Recovery from the low
- 8 months
In 2025 the population grew by 134 while 10 homes were finished: 13.4 new residents for every new home.
- New residents per new home, 2025
- 13.4
- Population change, 2025
- +134
In 2025, 56% of the homes added came from existing buildings rather than new ones.
- Homes from existing buildings, 2025
- 56%