The Last £100K House Has Sold In London

For those of you living and renting in London, you might want to stop reading this post now. The Evening Standard reports that the last flat valued at under £100,000 has been sold. And, housing costs continue to skyrocket.
Last year, a report conducted by Savills estate agency, revealed that house prices have almost doubled in value in the past 10 years. In 2003, the overall value of London property was estimated at £662 billion. In 2013, the value was set at an eye-popping £1.24 trillion.
Advertisement
The report also found that Westminster, Kensington and Chelsea saw a large spike in property value. But, the largest rise were in the boroughs of Hackney, Waltham Forest, and Lambeth.
What does this mean for those of us who haven’t quite made it onto the property ladder? First, don’t panic. Second and third, start saving and start exploring the city. All nine zones of it. Sure, areas such as Hackney, Peckham, Kensington, and Brixton are well-established, desirable places to live, but there are other parts of town just waiting to be discovered. All it takes is a travel card and a little imagination. (The Evening Standard)
LondonPhoto: Via The Evening Standard.
Advertisement

More from Home

What comes to mind when you think of Japan? Is it the fashion of Harajuku or the electric chaos of Akihabara? Maybe the quiet of a mountain retreat in the ...
It's safe to say that a home — especially in New York City — will be one of the biggest purchases you'll ever make in a lifetime. But let's be real here: ...
Lady Gaga is known for her unique, eccentric, and sometimes downright insane sense of style. So it makes total sense that she would purchase a mansion ...
Rest assured: Stains are not always your fault. Sure, you experience a clumsy moment from time to time, but you also can’t control the actions of others, ...
Take a peek at any design-forward apartment, and we dare you not to spot at least one Ikea item. Like classic wardrobe staples, there are certain pieces ...
Lighting candles is a great way to relax. The luxurious scent, the small burst of warmth, and the dim light all come together to help you unwind. But can...
A change of season means a change of style. It's the perfect time to update your wardrobe with the newest fall trends and freshen up your home with some ...
(Paid Content) August is a turning point. It might still be peak summer, but all the summer Fridays in the world are not enough to keep our fall fantasies ...
If you've rented an apartment, chances are you've had a kitchen like redditor ElizaB's, which she described as "yellow and sticky and ALWAYS dirty." Not ...
Time to celebrate, little spoons: There's a chair that will literally cradle you. A student in Moscow delivered the design for our dream lounge chair. ...
Though Ikea offers stylish home furnishings for insanely affordable prices, a visit to the store can be a true test for any relationship. The hordes of ...
In 1998, not too long after the release of Titanic, Leonardo DiCaprio put his well-earned Jack Dawson money toward a beach home in Malibu. According to ...
Harry Potter fans know that the worst years of the boy wizard’s life were spent living at 4 Privet Drive. There, he was neglected and mistreated by his ...
If you've ever watched an episode of HGTV's Fixer Upper, then you're most likely a major fan of the show's hosts, Chip and Joanna Gaines. The Texas natives...