This is the salary you need to buy a house in every London borough — and it’s bleak If you’ve ever found yourself wondering how much you actually need to earn to buy a house in every borough in London, the maths is now in.
While that might seem cheap as chips for London, it’s still miles ahead of the typical UK property price, which is now £267,700 – £69,100 cheaper than this East London borough.
These figures can be either joint or individual – so if you were buying alone as a single person, you’d need to be solely responsible for these earnings, which is sadly yet another way single people are disadvantaged when it comes to property ownership.
Croydon might’ve previously been named the capital’s ‘most depressing area’ (and the 12th most depressing in the UK), but in November 2024, it was also named the most affordable place to live in London.
Known for its luxury properties, including Victorian and Georgian townhouses with access to the exclusive gated garden squares, the average property in Kensington and Chelsea will set you back £1,136,900, according to new findings from Zoopla.
