02/06/2026
The London property market just passed a milestone worth talking about.
For the first time, the average first-time buyer in the capital is spending more than £500,000 on a home. The figure now sits at £502,250, which is £15,000 higher than a year ago.
What's interesting is that prices across London overall have stayed more or less flat. So this rise isn't the whole market lifting. It's first-time buyers specifically, reaching for higher-value homes and getting on with their move rather than holding off.
And it's not only the capital. Right across the UK, the number of sales being agreed is now running ahead of last year for the first time in 2026. Buyer numbers may be lower than usual, but the people who are buying are committed, and deals are getting done.
For anyone thinking about a move in North London this year, the message is simple. There's real activity in the market, and the right home at the right price is still finding a buyer. If you'd like to know what all this means for your street or your budget, we're always happy to talk it through.
📞 Get in touch with Hemmingfords today.
source: estateagenttoday.co.uk