Death of the £100,000 property in London

A study from online estate agents Housesimple shows that there are no properties currently for sale in London for £100,000 or less and only four properties at £125,000 and under which would be exempt from stamp duty.

According to the research, the cheapest property on the market today in London, excluding shared ownership and auction properties, houseboats and retirement homes, is a studio flat in Havering which is asking for offers over £100,000.

Despite the fact that London property prices have noticeably cooled over the past few months, and many sellers are dropping prices to attract buyers, an affordable property is out of the reach for many, particularly those on average UK wages.

 

Full story available from PropertyWire: https://www.propertywire.com/news/uk/research-reveals-the-end-of-the-100000-flat-in-london/

 

RentPro has been providing letting agent software for over 10 years. Our property management solutions are available in a number of plans for landlords and letting agents alike.

You may also like...