Price of three-bedroom homes in prime London up 729 daily
Mon 28 Apr 2014
Price of three-bedroom homes in prime London up #729 daily
AVERAGE-sized homes in the most in-demand parts of the capital have surged in value by a shocking 250,000 each during the last 12 months, almost eight times a typical Londoners annual salary.
According to London estate agents Marsh & Parsons, an average three-bedroom house in the most desirable parts of London has risen by 5,120 per week in the year to April. This covers places like Chelsea and Notting Hill. The English housing survey says three-bedroom houses are the countys most common.
The 19 per cent jump in prices for three-bed properties during this period in these high-demand areas has hiked a typical value to 1.67m.
Smart buyers can earn more money from their house in a year than by going to work in a very well-paid job, said Peter Rollings, Marsh & Parsons chief executive.