[nly]

Then I guess your salary is amazing, because many house prices across London have doubled in 5 years.

If you somehow bought a house at a reasonable earnings multiple, say 4x earnings, then your house has appreciated essentially what you earned over the last 5 years. This is just math.

[lmt55]

Can you tell me an area where average house prices have doubled in the last 5 years? I can't think of one. Most expensive areas have gone sideways since Brexit, and risen a bit since the pandemic. Most cheap areas have grown slowly since Brexit.

https://www.bloomberg.com/graphics/property-prices/london/ shows the median as having gone up around 6% in total since 2017. Trying a mix of neighbourhoods in that tool, I can't see any which are close to 100% up.

[nly]

Me and my partner are looking for a house in zone 3-4 right now, and I can tell you that every single home we've looked at is on for an asking price (and they're selling) of between 50-100% more than they last sold for 5 years ago.

We looked at a home that sold for £415K in 2017 for example and we were outbid. It went for 865K

Flats aren't so hot, that's for sure, but there's been masses of price growth over the last 5 years on houses. There's a stunning lack of stock on the market.

[thiago_fm]

Berlin prices has been growing at crazy speeds, it might have doubled the last 5 years. Even with a lot government intervention(rent raises cap etc).

The situation is so bad that there isn't even housing stock available. You are generally better off moving out or buying whatever you can.

[blitzar]

London Prime Property: Our forecast for growth of 24% in the five years to 2026 means that by the end of the period, values will return to their previous 2014 peak level for the first time. [0]

[0] https://www.savills.co.uk/research_articles/229130/323909-0

12 Years underwater... optimistically given that its already not looking great for their 8% prediction for 2022