JOURNAL ARTICLE

The Real Price of a London Apartment Has Sunk 22% in the Last Decade.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Rees, Tom 3 of 3

Abstract

The article discusses the changing landscape of London's housing market, particularly for young professionals facing high property prices. While apartment prices in London peaked at over 12 times the median annual earnings in 2017, they have since decreased to below nine times earnings, marking the most affordable level in 12 years. Factors such as Brexit, tax changes, and a shift in buyer preferences towards larger homes have contributed to this decline in property values. Additionally, the price premium of London homes over the national average has decreased significantly, indicating a shift in the market dynamics. Recent data suggests a potential rebound in activity, particularly among high-end sellers. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2025
  • Accession Number:190238610
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