As if you needed more evidence that the London house market is madly expensive.

There is small hope in the form of the little-celebrated borough of Dagenham and Barking where the average house price is £210,327, which is 5.58 times the average earnings in the are.

In comparison, Kensington and Chelsea has an average house price is £1,419,797, 31 times the average earnings.

Even Dagenham and Barking has experienced a large increase of over 12 per cent in house prices over the last 12 months.

Speaking to the Telegraph, Jennet Siebrits from the CRBE real estate group said: ‘Since 2009, house prices in Greater London have increased by 44 per cent, in central London growth has been even higher.

‘Over the same period earnings growth has been weak, and so housing affordability has inevitably worsened with the affordability gap increasing.

‘This means, that given the disparity in both house prices and earnings across London, some boroughs have become more affordable than others.’

In conclusion, while there are some boroughs outside central London which could be described as relatively affordable, it won’t be for long chaps.

A street in Barking and Dagenham Picture: REX)
A street in Barking and Dagenham (Picture: REX)

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