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A new government scheme, 'Your First Home', will offer first-time buyers in London a 2.5% deposit and a 20% equity loan on new-build properties. The scheme aims to address the capital's stalled housing market and assist those struggling with rent and saving for a deposit.
Zoopla’s latest index reveals that more than a third of UK homes sit in postcodes where values fell last year, a share that has risen from 12% a year ago. In London, 85% of properties are in such areas, putting pressure on sellers in Barnet and the wider capital.
Newly agreed rents across Britain have risen at their fastest pace in nearly two years. In London, the average monthly rent for new lets reached £2,357 in September 2026, a 1.5% annual increase, according to Hamptons.
The Royal Institution of Chartered Surveyors reported a net balance of 19% of professionals seeing buyer enquiries drop in August, but price‑fall reports eased to 28% from 29% in July. Rightmove added that buyer demand rose 5% between 1 and 5 September, offering a small boost for London house hunters.
Wandsworth and Waltham Forest have been identified as leading areas for first-time buyer activity in the UK. Dartford in Kent was named the top commuter hotspot overall, with London boroughs showing strong performance despite higher property prices.
House prices in London have seen an annual decline of 3.1% in the 12 months to July 2026, with the average asking price now standing at £646,451. Commuter towns such as Haywards Heath and Maidenhead experienced more significant drops.
As hundreds of thousands leave the capital, seaside towns are experiencing a property boom. Broadstairs, Kent, has seen sea-view properties rise by over £128,000 since 2019, outpacing national averages and reflecting a wider trend of coastal desirability.
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