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London · report

New homes in London

8.4% more homes were started in the last 12 months than in an average year of the past decade.

Started, 12 months
16,310
Per 1,000 residents
1.8

Homes started in London

Homes started over the previous 12 months, at each quarter.

  • London
  • Ten-year average
Show the numbers
PeriodLondon
Jun 202616,310
Mar 202610,860
Dec 20257,560
Sep 20254,290
Jun 20254,110
Mar 20254,280
Dec 20246,620
Sep 20246,030
Jun 20248,740
Mar 202415,130
Dec 202316,650
Sep 202320,400
Jun 202321,130
Mar 202321,660
Dec 202221,630
Sep 202221,390
Jun 202222,070
Mar 202217,890
Dec 202117,160
Sep 202116,950
Jun 202116,710
Mar 202114,460
Dec 202013,510
Sep 202012,600
Jun 202012,050
Mar 202012,770
Dec 201912,520
Sep 201914,230
Jun 201914,040
Mar 201915,230
Dec 201817,930
Sep 201817,330
Jun 201817,780
Mar 201820,980
Dec 201718,840
Sep 201718,760
Jun 201717,950
Mar 201716,470
Dec 201618,270
Sep 201618,460
Jun 201621,330
Mar 201622,000
Dec 201525,970
Sep 201525,560
Jun 201523,700
Mar 201523,350
Dec 201420,520
Sep 201421,770
Jun 201422,300
Mar 201421,820
Dec 201319,730
Sep 201318,340
Jun 201317,360
Mar 201317,300
Dec 201216,520
Sep 201218,450
Jun 201218,750
Mar 201219,940
Dec 201122,210
Sep 201119,980
Jun 201120,590
Mar 201119,790
Dec 201017,800
Sep 201018,470
Jun 201017,620
Mar 201015,120
Dec 200914,160
Sep 200913,020
Jun 200912,180
Mar 200914,750
Dec 200817,280
Sep 200820,590
Jun 200821,100
Mar 200820,610
Dec 200721,610
Sep 200719,640
Jun 200719,920
Mar 200719,510
Dec 200619,640
Sep 200621,550
Jun 200623,900
Mar 200624,220
Dec 200522,980

A start is the first count of a new home in the UK: no nation counts homes granted planning permission. Most starts are finished one to two years later. England's and Wales's counts come from building control, which misses some homes; Scotland counts housing association approvals as starts; Northern Ireland's begin in 2015.

Other reports for London

Next 12 months

Sale prices have an 80% chance of landing between £538,087 and £595,801 by August 2027.

Expected, August 2027
£566,944
Chance of a rise
71%

Affordability

At the average sale price, a home costs £554,430. With 10% down and a 30-year mortgage, the payment is £2,558 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
33%
Payment, one income
66%

Buy or rent

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

Foreign buyers

Figures for United Kingdom: 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%

Past cycles

Sale prices have fallen by 3% or more 10 times since 1968. The deepest began in June 1989.

Deepest fall
−20.9%
Recovery from the low
51 months

People and new homes

In 2025 the population fell by 25,911 while 16,070 homes were finished.

Homes finished, 2025
16,070
Population change, 2025
−25,911

Empty homes

7.3% of the 3,715,732 homes counted in the 2021 census had nobody usually living in them.

Empty, 2021 census
7.3%
Empty homes
272,170

Renovation

In 2025, 12% of the homes added came from existing buildings rather than new ones.

Homes from existing buildings, 2025
12%