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
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.”