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Most young Londoners cannot afford to buy property anywhere near the center of the city any more. I employ several, and see this first hand. In 2001 I bought a
by dabeeeenster 13y ago
Most young Londoners cannot afford to buy property anywhere near the center of the city any more. I employ several, and see this first hand.
In 2001 I bought a flat for (at the time quite a lot of money!) £200,000. I could just about afford it on a developer salary at the very peak of the dot-com boom. I sold it a few years later. Now that flat is worth about £700,000.
This article is accurate as far as London is concerned.
- makomk 13y agoMost youg Londoners cannot afford to buy property full stop. Unlike in the rest of the country, the majority of residents rent rather than own their homes.
- michaelochurch 13y agoNow that flat is [priced at: ed. corr.] about £700,000. Fix 5d6c334... price/value correction.