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Evening Standard
Evening Standard
Business
Meghann Murdock

House prices: the average London home now costs 14 times the typical household income

London Office for National Statistics Sarah Coles England Northern Ireland Scotland Wales Hargreaves Lansdown

An average London home now costs 13.9 times the typical household income, according to the latest figures from the Office of National Statistics (ONS).

The data, which looks at the financial year ending in 2022, records median London house prices as £510,000 and annual income as £36,800.

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