The average small central London flat could cost £36m by 2050, according to an investor.
London Central Portfolio (LCP) reckons property price inflation will continue for decades, and predicts the 9% a year growth seen in recent years will continue.
The investment company has launched a £100m fund to buy one and two-bed flats in the most exclusive parts of the capital.
Hugh Best, LCP’s investment director, told the Guardian: “The average price in prime central London is now £1.5m, and has been growing at 9% a year, which we think is firmly sustainable. They have been growing at that level for 40 years and we see no reason for that to change.”