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Article: So what would pounds 100,000 get you today?
- Article from:
- The Independent (London, England)
- Article date:
- July 23, 1994
- Author:
CopyrightCopyright 1994 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Ten years ago, pounds 100,000 would have bought you a three-
bedroom flat in Kensington, an old rectory in the country or an
island off Scotland. Four years later, when the market peaked in
the last quarter of 1988, pounds 100,000 was just below the average
price for any house in Greater London and the South-east. That
average has now fallen to pounds 77,000. So what would pounds
100,000 buy you today?
In Central London, not a lot. Prices have returned to their pre-
recessionary high, with pounds 150,000 the entry level for any
half-decent flat. Below that, your choice is between a very short
lease or a very small studio or basement.
In the most absurd case, pounds 100,000 will buy you an ...