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Even more strictly speaking, that's a trend. In my area, the cheapest you can find still in inner London, the average price of a 2 bed is 300K and new flats ar
by gutnor 11y ago
Even more strictly speaking, that's a trend.
In my area, the cheapest you can find still in inner London, the average price of a 2 bed is 300K and new flats are 500K and up. All but 1 landlord in my building bought their flat since 2007, all the rest bought them between 60K and 80K when they were built in 2000.
That's the tricky bit when thinking about fixing the problem. Even though only people that can afford 300K and more can move in, the majority of private landlords are of modest means and that's going to be that way for decades.