#london-housing-market

#london-housing-market

Sadiq Khan's efforts in tackling the housing crisis have not significantly eased the situation; prices remain high, and housing shortage persists.

Housebuilding in London has slowed due to various setbacks, making it harder to create new housing than in past years. [ more ]

London is known for being expensive, but there are still affordable areas to buy a house.

Affordability is determined by comparing house prices to earnings, not just the cheapest areas. [ more ]

London is currently more affordable than it has been since 2014, according to Zoopla.

While London house prices have increased by 13 percent since 2016, the rest of the UK has seen a 34 percent increase. [ more ]

Average property prices in some London boroughs have dropped by as much as 28 percent.

Areas like Redbridge and Richmond upon Thames saw a rise in property prices, while the City of London, Kensington and Chelsea, and Westminster experienced significant price drops. [ more ]