Get us in your inbox


The gap between London house prices and wages has hit a record high

By Hayley Spencer

More crap housing and cost-of-living news: housing prices in London are less affordable than ever based on the average wage packet. London, Oxford and Cambridge are the worst areas in country, according to new data by Hometrack UK Cities Index which looked at house price growth in 20 cities.

Now, here comes the really hard-to-stomach part: the stats show that London house prices have risen 86 percent since 2009. And on top of that, the average house price is now 14.2 times the average London salary of £33,720. 

Though there is a silver lining (kind of): the survey shows that the rate of house-price growth is set to fall massively in the next six months to just a low single digit – much lower than the national average. And there are no prizes for guessing that it's down to – you guessed it – Brexit.

Also, check out this tube map which shows the average property prices at every London Underground station


    Popular on Time Out

      Latest news

        Read next