Property News · January 1, 2016

London flats costing up to £1m outsell more affordable homes


Thousands more high-priced flats sold in 2015 than those costing around £300,000, despite fears for first-time buyersLondon property developers last year sold more than twice as many two-bedroom apartments costing between £650,000 and £1m as cheaper homes priced at about £300,000, according to market data obtained by the Guardian.Figures gathered from more than 600 new housing projects in the capital reveal a spike in the number of homes sold to the richest househunters, despite the fact that many young people complain of being priced out of the housing market. Continue reading…

Source : theguardian.com
Read more…London flats costing up to £1m outsell more affordable homes

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