This scary stuff, so brace yourself!
New figures predict that an average London home will be worth £1 million by 2030 if prices rise as quickly over the next 15 years as they have done since 2000.
The price of an average home in Barking and Dagenham, currently one of London’s most affordable boroughs, will rise from £250,000 to £450,000, while property prices in London’s most expensive borough, Kensington, and Chelsea, will soar from £1.9 million to £3.4 million, according to online estate agent eMoov, which mapped the figures.
Across England, average prices are predicted to increase by 84 per cent to £460,000 and only three areas will offer an average house price of under £280,000 – Merseyside in the North-West, the East Riding of Yorkshire and Durham in the North-East.
Clearly…something needs to be done. However, we can’t just rely on an unpredictable economy and even more unpredictable politicians.
At Inspired, we believe we have at least made a start to help first-time buyers. We convert tired office space into beautiful new apartments, with high-quality fittings and the latest home technologies.
In addition, our apartments allow access to superb resident facilities, such as cinema rooms, resident lounges and sky gardens. All of that for less than 200,000!
To find out more, contact our team on 020 8688 6552