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10 London Property Facts That Will Make You Want To Cry

10 Utterly Depressing London Property Facts
Asa Bennett
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Getty

House prices have continued to soar, with the average UK property now costing £171,991 on average, according to Halifax.

The skyrocketing prices have even greater effect in the capital, with central London parking spaces going for nearly twice the amount of an average UK home.

We've even seen the rare sale of a Brixton flat for just under £100,000. It was only so cheap because it was, as the estate agents admitted, "horrendous".

Politicians like Liberal Democrat deputy leader Simon Hughes fearing homes in the capital could become a "commodity for the global super-rich".

Ridiculous London Property Market Facts
Barely anyone can afford to own a property (01 of09)
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Less than one in ten properties in many parts of the UK are affordable to single house-buyers, according to the homeless charity Shelter. Meanwhile, three central London areas are completely unaffordable for couples with children or single people living on average wages: Kensington and Chelsea, Westminster and Camden
London house prices rose £50,000 in a MONTH(02 of09)
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According to the property website Rightmove, asking prices in capital have gone up to £544,232, up from £493,748 the previous month.
Renting isn't any better(03 of09)
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As it's actually £1,440-a-year more expensive than buying a house
This garage was sold for £251,000(04 of09)
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It's JUST a garage.
This garden sold for around £120,000(05 of09)
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Fulham gardens, even if they're just a tenth of an acre, sure are expensive...
Even knocking down your property is expensive...(06 of09)
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Officially the UK's most expensive demolition project, at a cost of just £35 million.You could buy this Scottish estate and all its 5,500 acres of land for less.
And even world snooker champions...(07 of09)
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Ronnie O'Sullivan says a huge housing bubble (and crash) will happen.Or in his words: "Baby it's coming."
You'll only need save for 30 years to buy a home...(08 of09)
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So says independent research commissioned by Shelter .That boy has already started on his first house...
You might as well move here(09 of09)
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It's cheaper to commute from Spain than to live in London, it'd appear
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