£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

Rightmove logo
Breaking News

February is the best time to get your home sold

February is the best month to sell a home, based on the likelihood that a seller will be able to successfully find a buyer, new research from Rightmove reveals In a tightly contested piece of analysis based on millions of homes sold over ten years, February came out on top as the best month to…
Read More →
Breaking News

Over 1.2m homes sold across the UK

The latest analysis of Government transaction data by GetAgent.co.uk has revealed that, despite widespread perceptions that 2025 was a difficult year for the property market, more than 1.2m homes sold across the UK, marking a 9.3% increase on the previous year. GetAgent analysed Government data on UK property transactions to estimate how many homes sold…
Read More →
Breaking News

Planning reform alone will not fix the UK’s housing crisis

Propertymark has published a new position paper, Meeting UK house demand, moving beyond the planning system, warning that focusing solely on reforming the planning system will not deliver the number of homes the UK urgently needs. While planning reform is frequently cited as the primary solution to the housing shortage, Propertymark’s analysis shows that changes…
Read More →
Breaking News

One in three mortgage hunting FTBs has at least 25% deposit

While higher loan-to-value (LTV) mortgages dominate first-time buyer demand a significant minority are seeking higher deposit deals, fresh data from Moneyfactscompare.co.uk can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost one in three (30%) first-time buyers are opting for 90% LTV mortgages, and a further 12% are looking at 95% LTV options. This…
Read More →
Breaking News

Breaking Property News 3/2/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Premium estate agency unveils ambitious plans to accelerate international expansion Fine & Country, the premium estate agency brand renowned for its distinctive marketing and high-end property expertise, has announced plans to significantly expand its international footprint as part of its long-term growth strategy. Over the past…
Read More →
how to present your property for sale
Breaking News

Nationwide House Price Index for January 2026 – Industry Reaction

Nationwide House Price Index for January 2026. The latest index shows that: House prices increased by 0.3% between December 2025 and January 2026. This reversed the -0.4% monthly decline seen between November and December of last year. Annual growth sat at 1% in January 2026, with this annual rate of growth increasing from 0.6% in…
Read More →