Last month the Centre for Economics and Business Research think-tank predicted that the price of a typical London home will hit half a million pounds by the end of the decade.
The economic experts said that the average house in the capital will cost £383,000 this year, rising more than 30% by 2020.
This recent property news is good news for home owners in the capital but a blow for those already struggling to get a foot on the property ladder.
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Cloudy with a some light drizzle. Lows of 3°C tonight.