We ask Londoners if they think London property is unaffordable.
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00:00Do you think that London property is too expensive?
00:02Ridiculously expensive, yeah.
00:05What do you think about it?
00:07Not everybody can afford it anymore, and even if you say you buy one,
00:11you end up paying for it for the rest of your life, until you die,
00:14and there's inheritance tax where your future also ends up paying for it.
00:19Doesn't make any sense.
00:21Yeah, I mean, I own a house in London, and for what it is, and for where it is,
00:28I would say it's very expensive.
00:33Same with rent as well, the knock-on effect of that.
00:37Earlier, it just used to be London, but now I feel the whole of UK has become expensive.
00:41Earlier, Birmingham, Manchester, they all used to be relatively cheaper,
00:45but I've got friends down in Southampton, Horsham, these kind of places.
00:49Still expensive everywhere, so I think it's got to do with
00:54the problems and the taxations with real estates and the rising bills.