Average Price Of House In London

So, you're thinking of buying a house in London, eh? Let me tell you, it's like trying to find a needle in a haystack, except the needle is a tiny, overpriced flat and the haystack is... well, London. A city where the average price of a house is enough to make your eyes water - and not just because you've been crying over your bank balance.

Buckle up, folks! We're talking big bucks here.

Alright, let's dive in. According to some clever clogs at Rightmove, the average price of a house in London is currently around £660,000. Yes, you read that right. Six hundred and sixty thousand pounds. That's more zeroes than a toddler's first attempt at writing their name. To put that into perspective, that's like finding a £10 note on the street every single day for the next 18 years. Not bad, huh? Unless, of course, you're trying to buy an actual house.

Now, I know what you're thinking: "But I've seen houses in London for less than that!" And you're right, you have. But those are the exceptions, not the rule. They're like the one weird kid at school who brings a packed lunch of caviar and champagne while everyone else is having ham sandwiches. You notice them, but they're not the norm.

Welcome to the world of the 'affordable' home.

In London, an 'affordable' home is a bit like finding a unicorn. It's rare, it's magical, and it's probably going to cost you an arm and a leg. According to the lovely people at the Office for National Statistics, the average price of an 'affordable' home in London is around £420,000. That's right, folks. Affordable. To some people, that might be their entire life savings. To others, it's just a Tuesday.

But let's not forget about the poor souls trying to buy a flat. Oh, the joys of living in a shoebox! The average price of a flat in London is around £450,000. That's right, you could buy a small island in the Caribbean for less. But then you'd have to deal with pirates, and let's face it, they're a lot harder to deal with than your noisy neighbours.

House prices up almost 10 per cent on last year as London's average

So, what's a buyer to do?

Well, you could always try moving to the countryside. You know, where the houses are actually affordable and you can have a garden big enough to host a small festival. But then you'd have to deal with things like... nature. And let's be honest, nobody wants to wake up to the sound of birds singing when they could be listening to the sweet, sweet sound of traffic.

Or, you could always try your hand at property development. You know, buy a house, do it up, and sell it for a tidy profit. It's easy, right? Just ask any of the thousands of people who've tried it and ended up on an episode of Grand Designs. Spoiler alert: it never goes according to plan.

Average House Price London Boroughs at Elijah Gannon blog

But hey, who needs a big house anyway? You could always live like the rest of us millennials and move back in with your parents. I mean, it's not like they're going to say no, right? They've been waiting for this moment for years. And who knows, maybe you'll finally get to use that 'Keep Calm and Carry On' poster you bought at university.

But seriously, folks, what's the answer?

Who knows? Maybe one day, the housing market will take a leaf out of the coffee shop's book and start offering 'buy one, get one free' deals. Or maybe, just maybe, we'll all wake up one morning to find that money really does grow on trees. Until then, all we can do is keep dreaming of the day when the average price of a house in London is something we can actually afford.

And if all else fails, there's always the option of moving to Mars. I hear the property market there is absolutely booming.