No more London homes under £300,000

20th January 2017

Analysis by Savills indicates homes priced lower than £300,000 are now an “endangered species” in London as demand increases values in the capital’s last affordable areas. Of the 40 such neighbourhoods left, 15 are in Barking and Dagenham, five in Bexley, four in Croydon, and three in Havering. The analysis also shows that for the first time, there were more wards with a price average of over £1m than there were with under £300,000. The £300,000 barrier is seen as significant as it represents the outer limit of affordability for a typical London household.

Evening Standard (18/01/2017)