Search

Island paradise or London home? House prices in London higher than cost of a private island

PUBLISHED: 16:11 07 April 2016 | UPDATED: 16:11 07 April 2016

This, or a London home?

This, or a London home?

Archant

Figures were released today (Thursday)

Figures released today suggest London’s homes cost more than two-thirds of the world’s private islands.

‘The Island Review’ published by property consultancy Knight Frank show 65 per cent of private islands for sale cost less than £340,000.

The average cost for first-time buyers in the capital is £364,000.

Labour’s London mayor candidate Sadiq Khan said: “When my wife and I were young, we were able to work hard and save up to buy our own home.

“Buying a family home in London shouldn’t be a luxury - and it’s absurd that most of the world’s private islands now cost less than a London home.”


If you value what this story gives you, please consider supporting the Bromley Times. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Bromley Times