The Cheapest Flats For Sale In London In 2023 

no joke, that £700k property has the same kitchen cupboards as my soviet lithuanian apartment from the 1960s

this video is brilliant, in an age where everyone online seems to be a multi millionaire and telling us we're just not working hard or smart enough, it was a breath of fresh air. You are a truly holding up a mirror to what a fucked up and selfish country we have become, keep up the good work

Moved to London from Hungary in 2008. It was shocking for me as I had to live with 5-10 different people in very poorly maintained house. I though London is going to be full of men wearing a tuxedos and a cylinders, instead what I saw was a lot of homeless people and junkies. On top of that I had to pay hundreds of pounds each month to share a room with 2 other people. I could not believe, that London was like that. It was like living in a third world country literally. Eventually I got my own room in house and that was alright for a while, until I got fed up with paying half my salary on rent and left England. It is insane that it is normal in the West to live your whole life renting. The pressure it puts on you is enormous and can hurt your mental health and wellbeing. Some massive changes need to be done in how housing is handled.

Excellent video and reviews. Cant believe that so many in Londoners live in such filthy conditions, shocking !

The sad thing is that I have lived here in UK now for 10 years. I am originally from Hungary btw. In these 10 years I have never been out of job, and managed to put aside a bit of money that after a while became enough to have deposit for mortgage. I am living in a shared house ever since I moved here. As a single person and having 35k annual salary, bank does not give me mortgage here in London with these hugely inflated house prices. System is rigged and it feels like you are living in a modern slavery where even though you work hard and long enough, but still not enough to buy your own place. I am thinking of moving out of London where I may be able to buy something for myself. They do not want you to own anything, but rent it so you will have to work to get enough money you can spend on renting. It looks and feels hopeless completely.

The housing situation is a disgrace. I'm shocked at how much people in London have to pay for a property in such a state. It's scandalous

As a junior doctor renting a one bed in Hackney with my boyfriend (who is also junior doctor), I pay 66% my income straight on rent, after paying student loan. We can't save up to afford a deposit to buy. We're going to have to leave london next year. We already live in a relatively cheap part of london but we're being priced out. I dont know what tue future holds but soon all doctors and nurses are going to have to move out of london, unless theyre getting financial help from family. How can you have a capital city without any healthcare staff in it? It's bonkers and depressing AF

I live on a small farm in the middle of Missouri, USA, but I find it so fascinating to see how others, especially in different countries, live. These flats remind me of old episodes of "How Clean is Your House?". I would loved to have seen what the flats over top of these crumbling, filthy, moldy flats looked like(?). Are other parts of these buildings livable?

My grandparents bought a five bedroom detached house which stood on a half acre plot in London for £350 during WW2 when nobody wanted to live there. My parents inherited it and sold it for £36,000, having sold over half the back garden to a developer, in 1974. It is now on the market for over £6 million.

I find it hard to believe properties in that condition would ever meet building inspection reports to complete sale at their asking price.

The London living situation is disgraceful… my first room in London was a shoebox where I had one broken cupboard and spent a year storing my things in boxes because I had no place to unpack them. Additional tenants included plenty of mice and the property was illegally rented to more people than it should’ve. My second flat was amazing at first, only to discover later that severe mould was just painted over and due to faulty plumbing the entire living room was unusable, with pieces of the ceiling crumbling and falling to the floor and new leaks appearing all the time, not to mention the electricity short circuiting all the time - you couldn’t run a washing machine and boil the kettle at the same time… I really lucked out with my current landlady, she lives outside the country and is renting out the flat she grew up in and it’s in fantastic condition, regular repairs and she’s the biggest sweetheart ever, but this is such a rarity in London…

I live and work in London, actually work with luxury housing, so most apartments I manage are 2 million £ and higher. I rent in Kensington with my partner and our rent is 4300£ for a two bed apartment (quite large 1000 sq ft, renovated recently). Needless to say, If I wouldn't be quite succesful in my job and also quite lucky in some other ways in my life there isn't a chance of me living in this sort of housing. I used to work in 'regular' housing and It was very depressing. I would see people settle for horrible homes just because they had no choice and they wanted to be in London. Hell, I used to live in HMOs myself, just made it work. The upside with luxury is that my clients may be paying a ton for their housing but they can afford it, they are celebrities, high level professionals or daughters and sons of wealthy families. London has given up on regular people a long time ago that's simply a fact.

Don't forget the impact on property availability because of AirBnb. It's absolutely mad. All those flats were unliveable. On top of the price, you'd have to invest another 60k-70k to make it liveable. Madness.

Most of these places have mould problems. It's extremely hard get rid of it in a flat because of the other flats and because he mould is in the brickwork. People underestimate just how much it can affect your health.

Firstly - hats off to the presenter for I like his personality and he has a very good confident chatty style of communication - The London property market is insanely expensive - I moved to London in the mid 1980s and was extremely fortunate to find the job of my dreams in restoration of mainly listed buildings - Nearly four decades later I'm still in the same job - My timing was good for I able to afford my first home after five years of renting a room in a shared flat with a rent of only £30.00 per week - I guess I was one of those lucky baby boomer people - I do feel sorry sorry for the current younger generation for they have been priced out of the market - My politics are centre left so it would be great if London could develop a really radical affordable housing policy for workers on relatively low income - Also the shocking rise in homeless people is an issue that needs major help as we need more homeless shelters.

Totally feel it when you're disappointed in the lack of care people have when they throw something to market. Amazing how some people can put a place up for 700k straight faced while its still dirty. And its a flat too, not like it would take an age to give the place a basic clean! I've recently became a landlord myself (up north, cheap fixer upper that was unsold for a while) and I think a golden rule should be if you aren't comfortable living in it yourself, then you shouldn't have the cheek to try and put other people through it

Dublin Ireland has become flooded with foreign corporate investors. My friend we going to viewings to buy in a certain area and every open viewing kept seeing the same Asian lady so decided to ask her what’s up. She was sent from Chinese investor to buy as many properties at any price. There should be some government policy to stop this. People have started writing letters to the seller to persuade them to sell to a owner occupier and not an investor. It has worked for many so far.

My daughter rented a property for two years. It was ok but tired. She asked them for an inventory but they never did one. When she left, we scrubbed that place clean but we couldn’t change it’s tired appearance. When she left they tried to withold money saying that the place was filthy. It was far from filthy and it wasn’t spotless when she moved in. Luckily she knows her rights and they backed down.

Great video that highlights the shocking situation of housing in London. From my experience as a renter in London for some time now, I'd add a few things I've noticed myself: 1. None of the holes you visited (because, lets be honest, none of them except maybe the last one counts as a 'livable') are being sold to people who plan to live in them. I can guarantee you that 99% of them are being sold to people who likely plan to rent them out and are either rich enough to throw enough money at them to make them livable, or simply don't care and know that they will find tenants for the flat, regardless (usually taking advantage of very poor or undocumented people who they know won't/can't complain). 2. Even if Landlords find no tenants, the very nature of London's housing market (an acute shortage that is only getting worse) basically guarantees that the property's value will increase over time, so they can essentially treat any flat they own as a 'safe' investment that will always grow in value, no matter how volatile financial markets get (unless there's another catastrophic collapse of property values, but that would never happen twice... right?). 3. A lot of the 'higher end' flats (like the last one in the video) are aimed at wealthy foreigners such as obscenely wealthy finance workers who are in london for a few months, children of billionaires being sent to study at a London university for a year, wealthy migrants, etc. I'm sure a few of these are also being sold to Landlords who aim to cater to tenants like these, but I'd imagine most of them are being sold to the kind of people who can afford to drop a cool £3M on a flat without even thinking about it, even if it's just for a few months (and, if you think about it, it makes more sense to buy a place like this for £3M and then sell it for the same, if not more, when you move out 6 months later than pay rent). The decoration of that last flat is a dead giveaway to me: reasonably nice (if bland) modern furnishings that wouldn't look out of place in a very up-market hotel room - the kind of inoffensive furniture that would be servicable to someone who is incredibly rich but is only staying in London for a few months. So yeah, it's pretty crappy for £3M but, as a temporary place, I'd imagine it's perfectly servicable for them. 4. I don't know if I 100% agree with your theory at 26:34. While I'm sure a bank would be frustrated to foreclose on a property, they still end up taking ownership and selling it to recover their loss, so one way or another they get paid back - the only exception to this would be if there's another property crash and the property can't be sold. Similarly, there's risks with owning properties to rent that might be unpalatable to these companies - the Grenfell disaster being a perfect example of this. If a company bought/built a tower block purely to rent out and there is a similar disaster that affects it (either directly, or at another building that highlights a massiverly overlooked risk that they suddenly need to pay to fix), then these companies would be on the hook for that loss. That said, it may well be that the benefits of renting outweighs that risk, regardless: the company gets a steady income, they can more easily replace a tenant that defaults than a mortgage owners, and they also keep ownership of the property, so I can see it as a win-win situation for them. It does remind me a phrase I saw somewhere (it might have been a RU-vid video?) - "you will own nothing and be happy for it", it looks like every company is wetting themselves at the thought of being the overlords of an underclass of people who never own anything. In this scenario, most people just borrow property/pay for services, and they're too impoverished to afford to buy it or are blinded by the low apparent up-front cost to realise they're being ripped off (see Microsoft making Office a yearly subscription instead of a one-off purchase). 5. Speaking of Grenfell, the situation with cladding in the UK is also an absolute disgrace - many people who can afford to buy a property might then discover it has cladding and end up being liable for the renovation works needed for the building, which can wipe them out financially and force them to default on the mortgage (and, naturally, the developers and contractors who put the cladding up face no liability). I've also noted when looking for rental flats that some estate agents are vague about cladding - I have spotted property ads that say the flat has cladding, but when I asked the agent about the EWS1 certificate, they would just say it "passed" or "it's fine" but would refuse to elaborate further (the EWS1 is not a 'pass/fail' certificate, it's got 5 grades to indicate risk - two of which are for cladding that is flammable). I don't know if this is borne out of dishonesty or ignorance, but I shudder to think how many people have been tricked into renting/buying flats that, at best, might cost them a huge amount to rectify (if buying) or, at worst, could potentially be a repeat of that horriffic disaster. 6. It's not just the working class being squeezed, a lot of traditionally 'middling to higher income' earning professions (junior doctors/accountants/lawyers, etc) are also finding that they can't afford to buy (or even rent) their own place in London and are having to either share a flat with friends/strangers or commute in instead. London is really just becoming a playground for oligarchs (both domestic and international) at this point. Gosh, it's almost like commodifying a basic human necessity like shelter without any public safety net (like council housing, regulations, etc) has an overwhelmingly negative effect on the vast majority of the population! Who would have thought such a thing after the stunning success the UK experienced when it prviatised the energy, water, and rail industries?!? Wow, sorry for the wall of text, this started as a couple of minor points, but once my blood rose it grew into a massive rant.

Your experience about a lack of "sound landlords" echoes mine. The best landlord I ever had was still greedy af. During the pandemic she dared to play the woe is me card for being a "single mother with outgoings you couldn't imagine" when my housemate (HMO) asked for a reduction in rent to reflect her reduction in earnings. Yes, the person in their late 40s who owns three properties across London is the one finding things difficult right now, not the 20-something paying 55% of their salary on renting a ROOM from them.

This breaks my heart. I used to live in London then moved back to my country. Things seems to have gotten worse. What a disgrace! Shame on politicians.

I see London is living up to its reputation that the streets are paved with mould. (not a typo)

The housing crisis is horrific in London. My landlord is taking the property back and increasing the rent. Absolutely unaffordable for my partner and i with 2 children. The rents are now at least £1000 more than we can afford even with help from the council. We will be homeless and in hotels, a hostels/b and bs. If we leave london we lose jobs. Its so difficult. I never envisaged this situation and its this way for thousands currently.

I live in one of the remotest parts East of the Mississippi River in the U.S. and echo the same opinion of how can these even be available for rent by local authorities? What a shame previous tenants were not responsible for better upkeep. I cannot imagine living so close to one another, but I am fascinated by the history and architecture. The neighborhoods look like something you see in movies and are beautiful in their own way. Hope things improve in the future.

Depressing but a great film and very well researched.

The first flat you saw in London needs a rip the guts out,the cost of tradesmen in London is very expensive,it sold for £380500 will need about £120.000 to bring upto standard, so that half a million before you start,then you will have building control involved they drag there feet,then theres parking restrictions everywhere in London,another problem. They say its grim up north,but i have open spaces and a lot cheaper housing stock,ill stay put and visit London occasionally,mental health and well-being is so important

I have been renting from a private landlord since 2015 right in that South Tottenham neighbourhood you were in. It's a pretty decent 1 bed with garden. The rent was a about 20% less than the market average when I moved in and he has not raised the rent by even a single penny since then. I do indeed feel very fortunate.

When I moved here 10 years ago I thought I'd never live anywhere else in the world. I couldn't believe I found my place in the world, somewhere I felt at home. Now I'm 30 and the realisation this is not possible makes me feel so depressed, it's kind of traumatic on a psychological, like being rejected from a parent, as objectively it doesn't matter how hard I'll work, I wouldn't be able to build a future for me and for the family I'd like to have in the place I love the most.

Way back in 1999 I bought a tiny little house in a distinctly dismal part of Hackney. It was all I could afford and I had to work 7 days a week to cover the mortgage, bills, etc, and get enough money together to practically rebuild it, as it was a real dump. However, it made me a lot of money when I sold it just 6 years later, so much that I bought my next house for cash. Everyone I knew told me that I should kept and rent it out to build a "property portfolio", but I have always hated the idea of exploiting others to get rich. However, I sold up in the UK in 2014 and now live rent and mortgage free in a much nicer place, where my distinctly ungenerous pension allows me to live in relative comfort. I'd hate to be looking for somewhere to live in the UK nowadays, I'm totally shocked by the awful places and prices I see on this video.

I thought the first flat in Maida Vale was bad, but it turns out that was the best one! They just got worse and worse, absolute dungeons. I'm a Londoner and left London over 20 years ago, fortunately I always seemed to move at the right time so I was lucky. I live in the North now, and I've no idea how young people manage down there. They were much simpler times when I was younger,

I think this is the best video I watched in 2023 so far! I really wish this housing issue to be pushed so hard that the government can not avoid but do drastic changes to help people live in decent conditions for fair prices!

Growing up, my family lived in a rented house for 20 years owned by Grainger and not ONCE did an inspector come around to check the condition. The house ended up similar to the conditions of the houses you show here. Parents eventually got evicted by Grainger (but by a massive stroke of luck now own a small house) and I saw our horrible rotten old house get sold for £400,000+ as "needs complete renovation"

Watching this cements my view that after 21 years in London paying for the most part ridiculously high rents that meant I was unable to ever have a savings account or save for a deposit, I made the right decision to leave and move north in 2018..Initially I was living and renting in Carlisle as I moved there for work and have been living there since.. I prefer Newcastle and I've just had my offer accepted on a very nice 3 bedroom freehold house in Gateshead with garden and conservatory for 128k.. living in Newcastle/Gateshead gives you great culture, good quality of life, great beaches within a 30 min metro ride, a low stress airport rated 3rd best in the UK and much more.. I was so caught up living in london when i was there.. you think it's the be-all and end-all.. i thought I'd never leave.. I did.. now I'm happy to visit and have a great time/it's all so familiar.. but I'd never live there again.. it's a total mug's game !! And I was a mug for 21 years.. get out and look elsewhere! Glasgow is wonderful, Manchester, Liverpool.. with so many people now working from home you don't have to be chained to London or the south in general.. my younger brother has been living in London for 14 years now.. I'm advising him to get out by the time he's 40 in 4 years if his plans don't come off.. I'm from the Isle of Wight originally and some of my family still live there.. life is a struggle there with empty shops/charity shops etc but they are in the south..it's ridiculous what my youngest brother can buy for him, his partner and their new son vs my house in Gateshead.. paying 190k for a tiny 2 bed flat ..

Tip 1 for viewers - dont buy anything with lease near 80 years. They dont give mortages for 80 and under - so it becomes very hard to sell (unless you buy the freehold which can be hard/pricey if the freeholder is not around). Tip 2 - if they say cash buyers only , it is probably because banks wont give a loan for it (see Tip 1).

I’m from Glasgow and we bought the new build 5 bedroom house with huge open plan kitchen/ family / dining room and 4 bathrooms for £360000 and it’s next to the beautiful Forrest and 10 min by car to the city centre. London prices are insane

You have to turn this into a series. Best videos on your channel by far! Subbed.

I love this guy. So honest, genuine and well-meaning!

Well that was horrifying. As for renting I can tell you that even the big housing associations, such as Peabody in London, would rather sell vacant flats than rent it out to people who need housing. The whole system is broken our this and successive governments don't do anything about it. As for big corporations buying up housing stock purely to rent them, then yeah, we're doubly screwed.

As far as cleaning a flat before you move in is concerned, I have a suggestion. A basic contract signed by both the landlord and yourself. Include pictures in the contract, showing the state of the flat before you move in and when the contract was signed. It would probably be a good idea to have a timestamp on the pics, with both your signatures and the date on the back.

Shocking how grim they are and the ridiculous high prices. Cool video ♡

Thank you so much for your great work showing the reality of the housing crisis. We so feel for young people today. My hubby and I have never earned big money, but back when we were 22 we could buy a tiny flat in Morden and start on the housing ladder. (In 1981) There’s no way we would be able to do that today, if we were just starting out, earning what we do now. Times have changed so much. It’s not fair. (We are now in our 60s) We own a very modest house; it is enough for us, and we have no mortgage. Everybody who works hard, or endeavours to, if they are able to, should be able to get the chance to own, or rent, a good standard of property. Sorry but I blame the government. They have no idea how hard it is for young families today. Thank you for shining a light on the whole housing situation today. Keep up the good work. 💪

My landlord in London used to rent a room in the house we shared . It was the first property he bought in woodgreen. For £60 000 in 1998. This house which was modest was valued at £400 000 in 2018. He now lives in a gated community in Sussex. And now has a portfolio of 25 London properties. My house share rent was the cheapest I could find in 2011. I used to pay £400 a month for my room in London. With volatile market prices. I wouldn’t buy anything in London at this time. Anyone who got on the property ladder early in London are living like kings today . I knew a serb called boban. He got an inheritance payout from his father in 1988. He used it to buy two properties in fulham an end house and the property next door. Boban lives in a mansion in the Czech Republic. Driving a Mercedes SUV. And has never worked since. He doesn’t have to . He has fourteen rooms rented bringing him in well over £ 100 000 a year.

Great video. Thank you so much for sharing this information with us. I look forward to the next one.

Thanks. London, New York City, etc. - there are better lifestyles away from high priced cities, especially in the electronic information age where some people can live anywhere.

I have a theory that certain cities go 'nova' economically... they become so expensive, so out of reach of 'key workers' it begins to cost 'society' and the national economy, so that the city begins to enter a decline (black hole) When a small amount of people, own all the land, & garner all their income from rent... that's a feudal economy

Almost all housing in the UK is well below par but insanely expensive. In other countries it is so much better. The UK is crazy insane for house prices compared to income.

Omg this was a fascinating vid thank you! Feeling soooo lucky to be living in a freehold property in Cornwall on a section 106! Needed help from relatives to do it for which I will ever be grateful! 🙏🙏

Don’t forget leases can be topped up - which I’ve done. It costs, but it depends on property value. Or you can get what’s known as a flying freehold - a flat that is freehold. One flat I bought in a converted house - we got together and the 4 flats bought the freehold from the freeholder. Just about do- able. We then formed a management company. Hope that’s helpful!

Born and raised in london. It’s changed a lot but yeah…this is unfortunately the reality for a lot of people. This was a great video. Thank you!

If you ever wanted to see the sad state of economics in the UK, just look at the ridiculous prices for junk. I did my stint in London between 1986-1998. The only thing that's changed, is like everywhere, everything is dirtier, dingier and ready for a massive price correction, you would not believe. In 1987 a flat in SE19, Upper Norwood (6 one-bed flats within a beautiful period 1865 house) sold for £67,000. After the crash in 1991, re-possessions began and I picked it up for a song at £17,000 in 1992. It's probably worth somewhere between £350-400K now.......absolutely ridiculous.

Great videos. Thanks for putting the vids out.

Thank you very much for your work! That was very interesting!

So glad to live in Scotland and ACTUALLY own my flat. Leasehold is a joke.

To add to your HMO point, if you rented out an unlicensed HMO, you can be owed up to a year's rent back! And if they didn't put your deposit in a protection scheme, you can be owed multiple times the deposit back.

Excellent video. I think the harsh truth is that they want to get rid of the middle-class....

Your channel is great ! Thanks for these vids

*Even with the bad economic, My life has totally changed since I started with $5,000 and now I make $68,700 every 14days, I can afford any car or house of my choice right now….,God bless expert Mrs Laura Ashley*

The council waiting list wasn’t so high when I got my flat, I got made homeless in 2003 and within a year in temporary accommodation I had permanent housing. Now the waiting list for permanent housing in most boroughs are 16-20 years, probably more.

Really puts things into perspective. It seems that many big cities around the world, even less famous ones like mine (Toronto in Canada), are having similar issues. I hope it can be solved soon!🙏

I live in Toronto. My three mates and I - an anaesthesiologist, a professor of cardiology, and a thoracic surgeon - were until recently homeless. But then we won the grand prize in the national lottery: we’re now all living together in the lap of luxury sharing a posh 48 square foot subterranean broom closet in a gated condominium community (the sumptuously appointed “Troglodyte Towers”) situated four levels under the subway system, which we purchased with our winnings from a desperate seller - the scion of an old “Gilded Age” newspaper mogul and railway baron family who has come down in the world - for the rock bargain price of a mere 27M (Canadian dollars, eh? 🇨🇦). Do pass the maple syrup please, Jeeves...🥞

I live in East Yorkshire. A friend of mine lived and worked in London. She had a two bedroom council flat over looking the Thames which she bought on Right to Buy. When she retired she sold the flat and moved 'Up North'. She bought a large detached three bedroom bungalow with a huge garden overlooking the countryside. I think she paid about £250,000 for it. She also bought a house to rent out to give her more income. I would love to know how much she got for that flat in London.

I live in Los Angeles in the outskirts (far west valley) and in my building one bedrooms are $1695.00 (£1330); 2 bedrooms are $2195.00 (£1720) per month. Downtown in East Hollywood my friend's building has one bedrooms for $2200.00/month. Another friend in West Hollywood lives in a rent-controlled 2 bedroom for less than my one bedrooms, but newly rented units in his building are going for $5000.00 - $7000.00 (£3900-£5500)/month. Compared to New York, Boston, San Francisco, Seattle, LA is still considered pretty cheap, but obviously unaffordable. Lots of people in LA are paying over 50% of their income on housing alone. Our homeless are increasing every month, and people are one paycheck away from homelessness in many parts of the country. But...we would never get away with having all that mold in a unit here in LA. People would sue the pants (trousers) off you. City inspectors would be up your ass (arse) in a minute.

Fascinating video! Just bought my first home in Portsmouth and feeling very lucky for the price/condition right now 😅 some areas of Southsea scrape lower end London prices, but some of these are utterly ridiculous!!

Seeing you walkdown loveridge Road in Kilburn took me by surprise

I’m from Tasmania Australia- this video was a real eye opener, how any owner can sell flats in the condition these flats are in is mind boggling, disgraceful, the prices are really not achievable by the large percentage, I feel for people everywhere, Australia’s same but the conditions of flats etc arenothing like these

I was about to comment on the £700k flat in Notting Hill, but that £350k Bayswater flat is absolutely horrific!! I don't know who would part ways with their hard earned cash to live in those conditions. It makes more sense to go a few miles outside of London and travel in if you want easy access to the capital.

Excellent video,well presented,amazing that they can't run a brush over the floor,before the sell the property,i'm glad i live up north,in a 3 bedroom house for £98 per week,keep up the good work,very interesting!

Excellenet work!! Keep going!!

The next to last one, with no kitchen or bath fixtures, and massively overgrown garden--honestly, the only positive thing about it was that the garden was large enough that you could pitch a tent in it and actually have a place to live. Isn't there any law about these buildings needing to be fit for human habitation? The last place, while so very small, was the only place that didn't look like living there would be a health risk.

Didn’t think I was that bothered about the housing market in London. But I’ve just sat and watched the full video, very interesting. Just recently found your channel, some great content, keep it up! 👍

Great video ❤, it will be much better soon

Love your vids. Keep it up!

Out of reach doesn't even begin to describe the situation in London for the average worker. Dire.. but it's been that way for years now, no change there. Building regulation, quality, safety, availability and consistency seems to be slipping away. I moved to Norway recently and you wouldn't in a million years dream of seeing the properties for those prices or conditions you published in this video. Very insightful! Keep up the good work!

Such a complex situation. Short term thinking by so many parties has caused it. Related is Edinburgh cracking down on air bnb under the guise of a housing shortage… so why don’t they build more social housing? A new tax is always easier than long term planning. The population increase without the needed infrastructure was criminal. Spiv culture out of control, it’s beyond fixing bar a catastrophic crash I think.

Thanks for another great video!

This was a great 👍🏿 video and great topic. Keep the faith 🙏🏿 keep fighting

The 1st flat in Maida Vale was as usual a low unrealistic asking price which generates interest and not surprised it sold for nearly 100k more, after renovation there is still a good profit potentially especially if the builder ...I'm guessing...extends it

Lionel Messi of the property game my friend, enjoying your videos. Remember the price flats with low leases are really like another £100k on top because you’ll have to buy cash as no bank will mortgage it and then you’ll need to spend thousands on renewing a the lease.

My worst experience: I had to move out of London to buy a home .,. I so miss the place. My best experience: working with a Windrush family who, after all they went through, now own an awesome asset.

I can only add this one sentence to everyone else's praise - David, you are brilliant!

So we bought a narrowboat which was previously the main home for a couple living in Paddington. It cost us £68k - a Central London home albeit you had to move it every fortnight. But now the Canal and River Trust are clamping down and introducing increased mooring fees and it will only get worse for permanent live aboards as the Government are massively cutting their budget to the CRT.

The very concept of leasehold (and the fact that it's allowed to exist) baffles me as a foreigner. You pay the full price (for a rundown hole that's used by some rich people to park their money) and you still don't own it, that's crazy to me.

THX FOR YOUR CONTENT.

brilliant video🙌

If the population had remained stable at the 1990s level of 55 million the house prices would never have gone crazy like this, and also if they did rise a bit they would have fallen at some point during any economic slowdown. However, the population is now 69 million, 14 million more people on the same island, even with lots of new houses being built, it fuels a huge rise in house prices due to massive demand. I can't see house prices ever going down much, considering in the last 12 months we have just had net migration of 600,000, equivalent to adding a city the size of Sheffield to Britain in just 1 year. Every year since 1997 we have net migration equivalent to adding a British city per year to the UK .

I'd want to know the underlying causes of the damp before going anywhere near these. Kitchens and wallpaper are trivial compared with rotten timbers and failed roofs.

Reminds me here in Portland, OR, I was house hunting in 2012 with my husband and every foreclosed home we went to all needed work. Owners who are losing their home will intentionally destroy their house and strip things or they simply stop caring about their home so they do some destruction knowing they are losing it anyway.

I just bought a house and redoing a couple of rooms, we're now done with the attic and the office and they both have new plaster on the wall, a new floor, new isolation and a new ceiling and all in all that coster around 2-2.3k for both rooms. We had the plastering done by someone and that cost around 1.6k for both rooms, all the walls and the ceiling.

Great work, today you made Middlesbrough look almost habitable.

I was a tier 1 investment banker for seven years since graduation from college, living in London. I was flat sharing the whole time except for a year or two with my girlfriend. So, I was the fraction of the 1pc, but living like a student. London makes no sense, I left :)

5:38 the piece sounded so British, love it!

It’s insane! I’ve just bought a 3 bedroom semi detached house in Scotland for 100k, just another reason for not moving to London😔

I live in the Lake District in the North. I’m 15 minute drive away from some of the most stunning lakes and mountains in Europe…my 3 bed house with large garden on a quiet street cost me £90,000 a couple of years ago. Now worth around £128,000. These people could live in the most amazing 5 bed houses here for the same price of these flats. It boggles my mind 🤯

Mysterious youtube algorithm brought me to this video. Love it 'cause it's so much food for thought and your comments are so down to earth and you tell it like it is. I'm an Italian who lived in London for 10 years in the 90's and it's a sad state of affairs indeed. 😢 Great stuff, thank you🤗🇮🇹

Blimey. You can buy a beautiful big house, by the sea, where I live, next to woods and moors. Why would anyone want to live in such squalor, for soooooo much money?? The world has gone completely bonkers! thank you for taking the time, Mr Wandering Turnip. It is very much appreciated. 🙏

Let me get this straight... you "lease" a property for 125 years. You pour money into it fixing all the moldy walls and floors making it decent and adding hundreds of thousands in value. Then you die or the lease expires and someone just "gets it back"?

We lived in London from 2010 to 2015 and we stayed in a studio flat in Ealing, amazing location and nice flat but it was very old and landlord wouldn't do anything we didn't even have proper heating. We payed £800 a months, now probably would be double 😢 It was a shame because we liked the area but couldn't afford it and we had good salaries! We moved to Scotland and bought a 3 bedroom house for 90k 😅 I really love the London videos, so many memories ❤️

It would be good if you could show the EPC ratings for the properties. A lot of landlords are offloading old properties esp like the Notting Hill one because it won’t meet the minimum EPC for rental which will be Band C or above from 2025. The cost of bringing those properties up to Band C will be pretty exorbitant. So a lot of landlords are ditching them from their portfolios.

Very interesting video. This same problem exists in New York, Berlin and probably many major cities as well.

For 700.000 pounds , one can purchase 8 big bedroom , private jacuzi, big swimming pool, nice , mediterenean seaside looking villa in Kyrenia (Girne) in Northern Cyprus with 3 car garage, just 3 years old with al kinds of brand new , contemporary gadgets, scavolini kitchen cupboards , geberit, vitra WC and toilets, showertubs.