Average London home will cost £650,000 by 2020, report warns - London - News - London Evening Standard

Average London home will cost £650,000 by 2020, report warns - London - News - London Evening Standard: "The cost of an average London home will soar by more than 40 per cent to almost £650,000 in just six years, a major report claims today.

It means a new generation of young Londoners will be excluded from home ownership, researchers warn.

Rents are set to go up by about a third, as housebuilding fails to keep up with the growth in the capital’s population.

The biggest price rises will be seen in cheaper outer London boroughs such as Waltham Forest, Haringey and Lewisham."