The area immediately around Tottenham Hale Station is not the nicest to look. However, these student colourful student flats really stood out. A little Googling revels that they are part of the Emily Bowes Court, Unite Student Accommodation, at up to £255 per week for a studio, they’re not exactly the cheapest London living option given the location.
This photo was taken during my Victoria Line Walk, in support of Bowel Cancer UK to see more photos from the walk you can visit my Flickr page.
According to the BBC housing calculator the average price of a house now stands at a staggering £402,000 in Greater London. This is around 2.5 times more than the average for Scotland and well over £100,000 more than the next closest region (unsurprisingly the South East). These prices make buying a home in London extremely difficult – if not impossible – for families on modest or even not-so-modest incomes.
Examining the situation from a global perspective doesn’t make the situation look any better. According to Global Property Guide, London is second only to Monaco in terms of the cost of buying or renting a place to live. While other studies don’t place London quite so high on the list, no one claims that London is cheap.
Continue reading Why Are London’s Property And Rental Prices So High? Hint: It’s Not Greed