Lloyds

London home prices hit £554,400, mortgage payments now 48% of income

Savills reports the London average house price climbed from £84,600 in 1996 to £554,400 in 2026. Lloyds notes average salaries grew from £19,000 to £51,800. The Standard says the typical monthly mortgage payment is now £2,068, or 48% of income.