In 2019, the capital city of England, London had a population of approximately 9.06 million residents. To house these people, the sprawling city has a stock of approximately 3.59 million dwellings. By 2041, the estimated population of London will grow to 10.35 million individuals, all searching for a place to live.
Average house prices
The average asking price for a home in London was almost 700 thousand British pounds more than any other region in the United Kingdom, as of the fourth quarter of 2019. The simple average house price in London in 2019 was approximately 538 thousand British pounds.
Average rental costs
In March 2020, the average cost of rent in Greater London was almost 650 British pounds more than the South East of England. Certain Boroughs in London will set back the average renter more than others. As of June 2019, Westminster was the most expensive borough for average monthly rents.
Number of dwellings in London from 2001 to 2019
(in 1,000s)
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Department for Communities and Local Government (UK). (May 21, 2020). Number of dwellings in London from 2001 to 2019 (in 1,000s) [Graph]. In Statista. Retrieved January 21, 2022, from https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK). "Number of dwellings in London from 2001 to 2019 (in 1,000s)." Chart. May 21, 2020. Statista. Accessed January 21, 2022. https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK). (2020). Number of dwellings in London from 2001 to 2019 (in 1,000s). Statista. Statista Inc.. Accessed: January 21, 2022. https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK). "Number of Dwellings in London from 2001 to 2019 (in 1,000s)." Statista, Statista Inc., 21 May 2020, https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/
Department for Communities and Local Government (UK), Number of dwellings in London from 2001 to 2019 (in 1,000s) Statista, https://www.statista.com/statistics/585272/number-of-dwellings-london-uk/ (last visited January 21, 2022)
