North London House Prices: Half-Year Update 2026
The first half of 2026 produced a mixed North London property market rather than a single clear trend.
Higher borrowing costs continued to affect affordability, but well-located period houses and family homes remained comparatively resilient.
What the latest figures show
The latest ONS UK House Price Index data available for this update covers completed sales to May 2026. The average London property price was £545,000, 3.7% lower than a year earlier. This marked the ninth consecutive month of annual price falls in the capital, although the main weakness was within Inner London.
North London varied considerably. Haringey performed more strongly, with an average price of £634,000, up 2.4% year on year. Terraced houses rose by 4.8%, while flats and maisonettes were broadly unchanged.
This supports what is often seen locally: family houses in established areas such as Crouch End, Muswell Hill, Stroud Green and the Harringay Ladder remain in limited supply and continue to attract interest.
Hackney was broadly level at £608,000, with terraced and semi-detached homes both recording 2.8% annual growth. By contrast, average prices fell by 6.4% in Islington to £670,000, by 6.2% in Camden to £806,000 and by 4.3% in Barnet to £591,000. These borough averages should be treated cautiously, as changes in the type and value of properties completing in any month can materially affect the figures.
What this means for buyers and sellers
The market is neither booming nor collapsing. It is price-sensitive and increasingly selective. Mortgage affordability remains important: the Bank of England reported that the effective rate on newly drawn mortgages increased from 4.22% in May to 4.35% in June. Buyers therefore have more reason to negotiate carefully, particularly where a property needs substantial repair or modernisation. Good houses in strong streets can still attract competition, while overpriced flats or properties with short leases, high service charges or unresolved building defects may take longer to sell. A sensible asking price, realistic expectations and proper pre-purchase checks remain important.
Data source
Figures are from ONS housing data published in July 2026, drawing on the UK House Price Index and HM Land Registry. The latest local figures are provisional and may be revised. They provide a useful market overview but are not a substitute for a property-specific valuation.
A genuinely local firm
At Tollington Surveyors, we are a genuinely local firm — based here, working here and familiar with the buildings, roads and communities that make this part of London so distinctive. We cover Highgate, Hampstead, Finsbury Park, Crouch End, Tottenham, Muswell Hill, Islington, Clissold Park, Haringey, Camden and the surrounding neighbourhoods. Our local knowledge means our guidance is relevant, practical and tailored to the homes we see every day.
Contact us today to arrange a RICS HomeBuyer or Building Survey — our process is straightforward, our advice is independent, and you will always deal directly with a qualified local surveyor.
Tollington Surveyors is a small, locally-focused surveying company based in Stroud Green, and dedicated to serving the Haringey area. Learn more >
