Amid forecasts that the UK housing market is due for a “period of correction” Stroud & Swindon, the building society, has calculated that in ten year’s time first-time buyers in London will need approximately £1 million to buy a home.The figure is based on house price growth in the capital for first-time buyers between 1997 [...]
Ten years is a long time, though - we're talking a full economic cycle, really, and that means a whole load of expected changes via inflation and wage increases.
First-time buyers face £1m London home
