RICS: Housing prices for London

Commenting on the Halifax housing figures for London, RICS senior economist, Oliver Gilmartin said: "A strong financial services sector has transformed London into a property rich ‘city state’. London has become a property fiefdom supported by booming financial markets. With house prices continuing to rise in the capital, first time buyers will struggle to access the market and with rents on the increase, would-be-buyers will labour to afford the upfront buying costs.”