London Housing Market

The London Housing Market has often set the tone for the rest of the UK housing Market. Price rises in London have often percolated to the rest of the country. However, certain features of the London Housing Market make it unique to the rest of the country. These reasons explain why the London housing market is more volatile than the rest of the country and also why house prices are higher in London.

For in depth look at the problems of the London Housing Market

Why London House Prices are expensive and volatile

  1. Increase in number of households from 2.4 million 1975 to 3.1 million 2013 (est)
  2. Rise in net migration from overseeas (recently from Eastern Europe - Poland, in particular)
  3. Prestige of London Financial Centre
  4. Large bonuses paid by London Finance companies in recent years. (such bonuses are not typical of rest of country
  5. Shortage of supply. New housing accounts for only 0.5% of total housing stock.
  6. Falling unemployment in London.
  7. Desirability of living in Capital
UK Housing Market

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2 Comments:

Anonymous sam said...

London is really expensive in housing as well all other things.

June 7, 2007 at 12:19 PM  
Anonymous Payday said...

London has to be expensive as they are classed to be the capital of the world... Travelling and clothing in london are the most expensive in the whole world. Even though it hurts it still a privilige to live in London.

Great Article by the way...

August 28, 2009 at 8:57 AM  

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