The average price for a London home has broken through the £600,000 and has almost doubled in price since 2009.
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Category Archives: London House Prices
By 2020 first time buyers in London will need a salary of £102,000 and a deposit of £138,000, says charity Shelter.
The ONS have updated their index weighting reducing the average property price in London by £27,000 in February.
Latest analysis from Lloyds Bank shows affordability in UK cities is the worst since 2008 and now require 6.6 times annual earnings.
New data from the ONS shows the south East and London with double digit rise in house prices compared to the north widening the gap.
House prices are higher by 6.7% over the year and out of reach for many as London and the East are leading the regions.
The ONS data shows the pace of house price growth remains strong with London higher by 9.8% ahead of the UK average.
UK house sales were 8% lower in 2015 over the year with London and majority of towns leading the way.
A study produced by the CEBR for estate agent associations shows UK house prices are expected to rise by 50% in the next ten years.
Property prices in the UK have increased 7.0% over the year to October with an average price of £287,000 according to the ONS.