Doubling the market prices in the next 15 years, by 2030, the homes in London are expected to cost £1 million.
The growing economy and population of London will continue to rise for which the Oxford Economics has predicted a rise in prices in the capital.
It is also predicted that London’s growing economy will overtake those of Frankfurt and Paris. .
The Greater London Authority have predicted an approximate of 10 million people will be living in London by 2030, hindering the path of those who wish to enter the housing market.
The population is projected to vary around the area. It is expected to be higher in some compared to the areas around boroughs.