5 Property Facts
- According to Lloyds Bank, more than half of people in their 20's would not be able to buy a home without financial help from their parents.
- The average time to sell a property in London is 41 days, compared to a national average of 65 days.
- Average house prices in England and Wales are set to increase by 30% in the next 5 years, new Rightmove and Oxford Economics forecast reveals.
- Average home prices have jumped up 10% in a year. The typical cost of a property in Kensington/Chelsea set to pass the £2m mark within weeks.
- Homeowners in south-west London have more mortgage debt than the whole of Wales, the Council of Mortgage Lenders (CML) has revealed.
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