Click here for a link to an interesting article, helpful with my generic research of finding out what it costs and is like to live in London.
The article states that nearly half of all millionaires live in the London and the South East due to rising house prices. The average house price in London is £482,000 and there are now 394,000 estimated properties worth more than £1 million in the UK largely from price growth in London.
Click here for a link to a second helpful article.
Key facts include:
- The UK capital was one of the worst performers among 10 regions analysed for the property market.
- The average home in the capital in 2016 cost more than 10 times annual earnings by Lloyds Bank.
- The biggest gap was in Haringey, a north London borough where house prices increased by an average of £139,803 exceeding average take home earnings by £3,810 per month.
- It is no longer unusual for houses to 'earn' more than the people living in them.


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