1 USD = 0.73 British Pound
Average Home Price: £496,000 ($679,452)
Price per Square Feet to Buy Apartment in City Center: 1,203.96 £ ($1,649.26 USD)
Price per Square Feet to Buy Apartment Outside of Center: 673.90 £ ($923.15 USD)
London’s market slowed over last year. Many blame Brexit for causing insecurity in the housing market. The price of housing rose 1.2% last year. When adjusted for inflation, this equates to a 1.5% drop in value. London still marks one of the most expensive markets in the world. The average home price is 14.5 times the earnings of the average Londoner.