£1 million by 2030

May 18, 2015

£1 million by 2030, thats the figure that average house prices in London are expected to reach, that is double the present price, according to the Office for National Statistics the average home in the capital is now priced at £490,000.

There is no doubt that the London property market is the most demanded in the world, that populartity has  further increased post General Election, foreign investors are attracted by the safe haven factor.

The London population is expected to grow year on year,  with a figure of approx 8.5million at present increasing to a possible 10million by 2036, the forecast is open to debate but for many London population is seen as growing at a faster rate than anywhere else in the UK. It seems that a mixture of overseas investment, enhanced employment opportunities and the general attractions of London will come into play in the years ahead.

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Office space back in favour as return to workplace drives commercial demand

The latest research by BPS London has revealed that office space is currently the most in-demand commercial property asset across England, as the continued return to a physical workplace sees offices fall back in favour with British businesses. BPS London analysed investor demand across the commercial property market, assessing the proportion of available opportunities within…
Read More →
Breaking News

Breaking Property News 14/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Latest Weil European Distress Index (WEDI) points to a materially more fragile outlook  Europe’s corporate distress picture appeared to stabilise on the surface in Q4 2025, but the latest Weil European Distress Index (WEDI) points to a materially more fragile outlook moving into 2026.…
Read More →
Breaking News

Breaking Property News 15/1/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Pan-European €400m micro-living portfolio to be managed and digitised by Reos  Prop.com, a leading real estate investment manager focused on unlocking value for investors through digital technology, has launched a strategic partnership with property management and digitalisation specialist Reos GmbH to develop one of…
Read More →
Breaking News

South East sees most sellers relisting

New research from Property DriveBuy reveals that sellers who are re-entering the market are reducing their asking price by an average of £5,300 to try and snag a buyer, but in London this reduction climbs as high as £27,000, while the South East is the region where most sellers are relisting this year having failed…
Read More →
Rightmove logo
Breaking News

Average rents rise by 2% in 2025, predicted to rise by further 2% in 2026

The average advertised rent of homes outside of London fell in Q4 2025 by 1.1% (-£15), dropping to £1,370 per calendar month. It’s only the second time in five years that quarterly rents have fallen: Across the whole of 2025, average advertised rents rose by 2.2% compared to 2024 As the market settles into a…
Read More →
Breaking News

Landlord Demographics Remain Broadly Unchanged

Propertymark analyses the latest figures from the English Private Landlord Survey 2024, published alongside headline findings from the English Housing Survey 2024–25, showing that the profile of private landlords in England has remained remarkably consistent with previous surveys, even as landlords navigate ongoing tax changes and evolving standards and expectations. The data highlights that the…
Read More →