Think you’re desperate to buy your first home in London?
Here’s where we’d normally write that the London property market is out of control, but we’ve written that line so often now that there can’t be a person in London who doesn’t know this.
If you need yet further evidence of the phenomenon though, it’s been revealed that many wannabe home-owners camped out overnight last night to be in with a chance of buying a London home for a reasonable price.
The affordable west London properties in question are part of a new development by Galliard Homes in the former UK headquarters of American Airlines and start at £199,000 for a 301 sq ft studio.
One bed apartments in the development in Hounslow cost between £285,000 and £355,000, and all properties are being sold on a first-come first-served basis.
While it’s far from cheap, even the more expensive flats are far below the average price for the local area, making them much more affordable to normal London workers.
Many potential buyers began queuing in the early hours of this morning, with some arriving yesterday and camping overnight.
What crazy times we live in.
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